163 days on Market

1368 LABRIE Ave, Ottawa, Ontario K1B 3M1

Townhouse
-
-
- sqft
$2,350,000
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Townhouse
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-
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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$10,092/mo

Tax Amount (2024)$7,848/yr

Days On Market163 days


Description

DEVELOP & CONSTRUCT or OWN & OPERATE - Be opportunistic in a transitioning neighborhood! Recently rezoned TD1 site on 0.34 acres (see reports). Under 400m to the Cyrville Station with architectural plans for a 6-storey mid-rise. Currently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. Unit 1 (lower): Renovated 2 bdrm $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: 20 (8 tenant) Current 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+


Property Details

StyleTriplex
View-
Age of property-
SqFt-
Lot Size1,393 SqM(45.72 x 30.48)
Parking Spaces20
MLS ®Number1399921
Community NameEast Industrial
Data SourceOREB
Listing byEXP REALTY

Features

Heating: Baseboard,Forced Air
Cooling: Central Air Conditioning
Basement: Full, Fully Finished

Features

Lot size: 1,393 SqM

Parking

Garage spaces -

Garage type -

Total parking spaces 20


Property listed by EXP REALTY, Brokerage

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Population and Demographics

Overview

Total population 13580
Average household income $122,162

Age (%)

20 to 34
28%
0 to 19
20%
50 to 64
19%
35 to 49
17%
65 and plus
16%

Household composition (%)

Single family
58%
Single person
31%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
54%
French
16%
Arabic
11%
Others
6%
English and French
3%
Somali
2%
Mandarin
2%
Spanish
2%

House tenancy (%)

Owners
50%
Renters
50%

Schools and amenities

Estimated Budget