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:25961)
Schedule a Tour
Schedule Private Tour
Kim Vo would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Kim Vo, who specializes in Ottawa real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Kim Vo find a property to match your lifestyle.
Rooms
| Level | Type | Dimensions |
|---|
Details
- Amenities Nearby: Public Transit
- Features: Level
- Parking Spaces: 20
- Structure: Outbuilding
- Transaction: For sale
- Zoning Description: H2F[2755] H(20)-h
Building
- Appliances: Water Heater
- BasementType: Full (Finished)
- Basement Development: Finished
- Bedrooms Main Level: 6
- Bedrooms Lower Level: 2
- Cooling: Central air conditioning
- Exterior Finish: Aluminum siding
- Fireplace Present: False
- Foundation: Concrete
- Bathrooms (Total): 4
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 1500 - 2000 sqft
- Stories Total: 2
- Type: Other
- Utility Water: Municipal water
Land
- Amenities: Public Transit
- Fence: Fully Fenced, Fenced yard
- Sewer: Sanitary sewer
- Size Frontage: 100 ft
- Size Irregular: 100 x 150 FT ; 0
Listing provided by SUTTON GROUP - OTTAWA REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1368 LABRIE AVENUE in Ottawa Ontario. It was last modified on April 28th, 2026. Contact Kim Vo to schedule a viewing or to discover other Ottawa homes for sale.