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$2,195,000
Ottawa
1368 LABRIE Avenue, Ottawa, Ontario, K1B3M1
This multi-family property in Ottawa is for sale offering roughly 1,750 sq ft of space.
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:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 190 days on market, against an average age of 62 days across the listings currently for sale in this city
This 8-bed multi-family in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,195,000, about 22.9× the local median household income of $96,000.
Carrying it typically needs a household income of about $428,760 (20% down, 25-yr amortization, stress-tested) — roughly 347% above the area median.
Source: Statistics Canada, 2021 Census (FSA K1B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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