$2,350,000
Develop & Construct or Own & Operate - Be opportunistic in a transitioning neighborhood!\r\nRecently rezoned TD1 site on 0.34 acres. Located less than 400m to the Cyrville Transit Station with plans for a 6-storey mid-rise residential building.\r\nCurrently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. \r\nUnit 1 (lower): Renovated 2bdrm $2100/month incl.\r\nUnit 2 (ground): Spacious-upgraded eat-in kitchen $1950/month incl.\r\nUnit 3 (upper): Bright-upgraded kitchen and bath $1940/month incl office outbuilding with bathroom\r\nFenced Year Yard: Vacant-previously leased for $1350/month for equipment storage - professionally graded with compacted gravel and separate gated entrance.\r\nStorage Shed: 2 Storage Units included with Unit 1&2\r\nParking: 8 spaces (included)\r\nCurrent gross income is 71k/year with potential to increase to 88k/year.\r\nNotices for rent increases of 2.5% take effect in October 2024.\r\nExisting leases 1yr+ (id:39840)
Property Details
MLS® Number
|
X9516075 |
Property Type
|
Office |
Neigbourhood
|
Beacon Hill-Cyrville |
Community Name
|
2203 - Cyrville Rd./Industrial Park |
ParkingSpaceTotal
|
20 |
Building
Land
Acreage
|
No |
SizeDepth
|
150 Ft |
SizeFrontage
|
100 Ft |
SizeIrregular
|
Unit=100 X 150 Ft ; 0 |
SizeTotalText
|
Unit=100 X 150 Ft ; 0 |
ZoningDescription
|
Td1[2755]-h |
https://www.realtor.ca/real-estate/27168077/1368-labrie-avenue-ottawa-2203-cyrville-rdindustrial-park