$2,195,000

For sale

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1368 LABRIE Avenue, Ottawa - Office for Sale

1368 LABRIE Avenue, Ottawa, Ontario, K1B3M1

1 bath6 parking2,804 ft²100 × 150 ft (15,000 sq ft) lot sizeListed 187 days ago

Overview

This office property in Ottawa is for sale offering roughly 2,804 sq ft of space.

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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:66096)

Property Details

MLS®: X13073624
Property Type: Office
Zoning: H2F[2755] H(20)-h
Bathrooms: 1
Parking: 6
Interior Size: 2,804 ft²
Lot Size: 100 × 150 ft (15,000 sq ft)
Frontage: 100 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $7,307.84/yr
Listed: 187 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

187d

Ottawa listings, avg age

63d

Price / ft²

$783

List price

$2.19M

Haho

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Listed by SUTTON GROUP - OTTAWA REALTY · Jane Kirchmann

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1B)

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.

Median household income: $96,000
Population: 17,769
Median age: 40.4
Owner / renter: 67% / 33%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA K1B)

$2,195,000· $783/ft²

For sale

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Financing

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