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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

8 Beds

4 Baths

Save

Est. payment | -/mo

Save

8 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision 2203 - Cyrville Rd./Industrial Park

MLS Listing ID X13055586

Style 2-Storey

Bedrooms 8

Annual Tax Amount $7,307

Tax Year 2025

Property Sub-Type Multiplex

Property 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.

Location

Province ON

County Ottawa

Area Ottawa

Zoning H2F[2755] H(20)-h

Rooms

Family Room No

Basement Full, Finished

Kitchen 5

Separate Den/Office 2

Interior

Interior Features Water Heater Owned

Cooling Central Air

Exterior

Parking Features Front Yard Parking

Pool None

Roof Type Unknown,Asphalt Shingle

Lot Frontage 100.0

Lot Depth 150.0

Total Parking Spaces 20

Building

Foundation Concrete

Others

Senior Community No

Security Features Unknown

ParcelsYN No

Listed by SUTTON GROUP - OTTAWA REALTY

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+1(647) 493-3579

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CAN

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1368 LABRIE AVE Cyrville - Carson Grove - Pineview, ON K1B 3M1