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:63476)
Property Details
| MLS® Number | X13073622 |
| Property Type | Vacant Land |
| Community Name | 2203 - Cyrville Rd./Industrial Park |
| Amenities Near By | Public Transit |
| Parking Space Total | 6 |
Building
| Bathroom Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 14,962 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 150 Ft |
| Size Frontage | 100 Ft |
| Size Irregular | 100 X 150 Ft ; 0 |
| Size Total Text | 100 X 150 Ft ; 0 |
| Zoning Description | H2f[2755] H(20)-h |
Contact Us
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 05 2026 12:55:00
Ottawa Real Estate Board
Sutton Group - Ottawa Realty