All ListingsMLS# X13073620

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$2,195,000

Active

1368 LABRIE Avenue, Ottawa, ON· Cyrville Rd./Industrial Park

6+2

Bedrooms

Bathrooms

1500-2000

Sq Ft

$1,098–$1,463

Per Sq Ft

None Parking

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About this Property

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.

Listed by SUTTON GROUP - OTTAWA REALTY · MLS# X13073620

About Gloucester

Diverse · Avg $560K

Gloucester is a large, diverse community spanning Ottawa's east end, encompassing distinct neighbourhoods like Hunt Club, Blackburn Hamlet, Beacon Hill, Pineview, and Cardinal Heights. Before amalgamation in 2001, Gloucester was an independent city — and its scale and variety still reflect that heritage. The community's multicultural fabric is one of its defining strengths, with residents from dozens of cultural backgrounds contributing to a rich tapestry of restaurants, shops, faith communities, and cultural organizations.

Avg Home Price$560K

Neighbourhoods12+

Transit Routes20+

Drive to Downtown20 min

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