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$2,350,000
Available - For Sale
Listing ID: X9516075
Develop & Construct or Own & Operate - Be opportunistic in a transitioning neighborhood! Recently rezoned TD1 site on 0.34 acres. Located less than 400m to the Cyrville Transit Station with plans for a 6-storey mid-rise residential building. Currently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. Unit 1 (lower): Renovated 2bdrm $2100/month incl. Unit 2 (ground): Spacious-upgraded eat-in kitchen $1950/month incl. Unit 3 (upper): Bright-upgraded kitchen and bath $1940/month incl office outbuilding with bathroom Fenced Year Yard: Vacant-previously leased for $1350/month for equipment storage - professionally graded with compacted gravel and separate gated entrance. Storage Shed: 2 Storage Units included with Unit 1&2 Parking: 8 spaces (included) Current gross income is 71k/year with potential to increase to 88k/year. Notices for rent increases of 2.5% take effect in October 2024. Existing leases 1yr+
Price $2,350,000
Taxes: $7,848
Occupancy by: Tenant
Address: 1368 LABRIE Ave , Cyrville - Carson Grove - Pineview, K1B 3M1, Ontario
Postal Code: K1B 3M1
Province/State: Ontario
Legal Description: PT LT 25,CON2, O.F., PART1 , 4R11032 ; G
Lot Size: 100 x 150 (Feet)
Directions/Cross Streets: Driving (near Cyrville Transit Station): -Take 417 to exit 115 St. Laurent Blvd. -Turn right (ea
Zoning: TD1[2755]-h
Category: Office
Total Area: 2,400
Office/Appartment Area: 280
Retail Area: 0
Gross Income/Sales: $71880
Net Income Before Debt: $48634
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EXP REALTY

1368 LABRIE Ave , Cyrville - Carson Grove - Pineview, K1B 3M1, Ontario

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Freda Ziba
Sales Representative
Dir:
647-997-2120
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905-764-7111
Fax:
905-764-1274

 
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At a Glance:
Type: Com - Office
Area: Ottawa
Municipality: Cyrville - Carson Grove - Pineview
Neighbourhood: 2203 - Cyrville Rd./Industrial Park
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Lot Size: 100.00 x 150.00(Feet)
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Tax: $7,848
Maintenance Fee: $0
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Freda Ziba
Century 21, Heritage Group LTD. , Brokerage
7330 Yonge Street
Thornhill , ON , L4J7Y7
 CONTACT FREDA ZIBA
Cell: 647-997-2120
Office: 905-764-7111
Email: fzibahomes@gmail.com