1368 Labrie Avenue Ottawa, Ontario K1B 3M1
$2,350,000
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 (id:59524)
Property Details
| MLS® Number | X13073622 |
| Property Type | Vacant Land |
| Neigbourhood | Cyrville |
| Community Name | 2203 - Cyrville Rd./Industrial Park |
| ParkingSpaceTotal | 6 |
Building
| BathroomTotal | 1 |
| HeatingType | Baseboard Heaters |
| SizeInterior | 14962 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 150 Ft |
| SizeFrontage | 100 Ft |
| SizeIrregular | 100 X 150 Ft ; 0 |
| SizeTotalText | 100 X 150 Ft ; 0 |
| ZoningDescription | H2f[2755] H(20)-h |
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May 02 2026 12:54:45
Sutton Group - Ottawa Realty