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    For Sale - 1368 LABRIE Avenue, Cyrville - Carson Grove - Pineview, Ontario

    Est payment $11,284/mo
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    Views   2
    Time on Jump  13 day

    AI Summary *

    • 0.34-acre development site just steps from the LRT station.
    • Successfully rezoned for mid-rise residential projects, reducing entitlement risk.
    • Preliminary plans for a 6-storey building offer exciting development potential.
    • Property currently generates stable income from a triplex and office space.
    • Flexible strategy allows for immediate development or holding with rental income.




    Development site steps to lrt. 0. 34-acre site located ~400m from cyrville lrt station. Successfully rezoned hub zone 2 [f], permitting mid-rise residential intensification in a rapidly evolving corridor. Preliminary plans support a 6-storey mid-rise development, with supporting reports available. Approved zoning in place reduces entitlement risk and allows for near-term execution. Flexible strategy: develop immediately, hold with income while advancing design, or reposition within a transforming transit-oriented node. There are many permitted uses outlined in this mixed-use hub zone. In-place gross income (~$71k/year; ~$88k potential) provides stable holding revenue. Property includes triplex (3 x 2-bedroom units), office outbuilding with kitchen & washroom, and large fully fenced yard with ~20 parking spaces and separate gated access. Nearby developments demonstrate strong lease-up performance, supporting continued rental demand in this lrt-connected location. Supporting due diligence materials available upon execution of a signed nda. All showings to be coordinated through listing agent.
    Listing IDX13073624
    Address1368 LABRIE Avenue
    CityCyrville - Carson Grove - Pineview, Onta…
    Price$2,350,000
    Bath1 Full
    StyleOffice
    Land Size14962
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype OfficeCommunity Features Public TransitHeating / Cooling Gas Forced Air ClosedHeating Fuel Gas

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    Listing Agency:  SUTTON GROUP - OTTAWA REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    1368 Labrie Avenue
    Cyrville - Carson Grove - Pineview , Ontario
    1 $2,350,000
    Get more info