Gerry Lantaigne - Sutton Logo
$2,195,000
 $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 #X13055586
Listing TypeFor Sale
StatusActive
Days On Site113
Listing Provided BySUTTON GROUP - OTTAWA REALTY | Jane Kirchmann

Features

Bed(s)8
Bath(s) 4 Total
SQ Feet1,500
BasementY
Story(s)2
ZoningH2F[2755] H(20)-h

Exterior

Lot FeaturesLevel

Parking

Parking FeaturesNo Garage
Parking Total20

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:
1,500
low | high
Med:
2,804
36.933333333333% of Average
$ / sqft:
$1,463
low | high
Med:
$783
96.504992867332% of Average
On site:
113
low | high
Med:
110
100% of Average
Sourced by Back At You

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Additional Information

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Contact

Learn More About This Property

Gerry Lantaigne

Gerry Lantaigne

Sutton Group - Muskoka Realty Brokerage

Sales Representative, (705) 380-1710gerryl@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:
1,500
low | high
Med:
2,804
36.933333333333% of Average
$ / sqft:
$1,463
low | high
Med:
$783
96.504992867332% of Average
On site:
113
low | high
Med:
110
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.646M - $2.743M
sqft: 1,000 - 1,500
Nearby Listings Property ImageNearby Listings Details
1081 KENASTON STREET Property Photo 1
$669,900
1081 Kenaston Street
Ottawa, ON K1B3P8
Listing Updated: August 12, 2026 at 3:42:58 PM PDT