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

Est payment $10,540/mo
Views   3
Time on Jump  133 day
  • 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$2,195,000
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

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1368 Labrie Avenue
Cyrville - Carson Grove - Pineview , Ontario
1 $2,195,000
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