Pedro Samuels Samuels - Sutton Logo
$2,195,000
( $782.81Per Sq Foot )
 $11,783 est/mo Sourced by Back At You

1368 Labrie Avenue,Ottawa, ON K1B3M1

Ottawa, ON K1B3M1

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Description

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:13843)

Details

MLS #X13073624
Listing TypeFor Sale
StyleOffices
StatusActive
Days On Site175
Listing Provided BySUTTON GROUP - OTTAWA REALTY | Jane Kirchmann

Features

Bath(s) 1 Total
SQ Feet2,804
ZoningH2F[2755] H(20)-h

Interior

CoolingFully air conditioned
HeatingForced air, Natural gas
Fireplace Yes / NoNo

Parking

Parking Total6

Utilities

Water SourceMunicipal water

Taxes

Tax Annual Amount7307.84

Area Information

ProvinceON
CityOttawa
Postal CodeK1B3M1
Listing VS Median (in K1B3M1)
Price:
$2,195,000
low | high
Med:
$2,195,000
50% of Average
sqft:
2,804
low | high
Med:
2,804
50% of Average
$ / sqft:
$783
low | high
Med:
$783
50% of Average
On site:
175
low | high
Med:
175
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

Pedro Samuels

Pedro Samuels

Sutton Group - Summit Realty Inc., Brokerage

Certified Real Estate Specialist (416) 938-8593psamuels@sutton.com
ProvinceON
CityOttawa
Postal CodeK1B3M1
Listing VS Median (in K1B3M1)
Price:
$2,195,000
low | high
Med:
$2,195,000
50% of Average
sqft:
2,804
low | high
Med:
2,804
50% of Average
$ / sqft:
$783
low | high
Med:
$783
50% of Average
On site:
175
low | high
Med:
175
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 3:03:07 AM PDT