Description

 Price: $ 2,350,000.00 MLS^®: X13073622         Location : 1368 LABRIE Avenue, Cyrville - Carson Grove - Pineview, ON K1B 3M1

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 Description

Cyrville Rd and St. Laurent Blvd.

Property Details

• Community: 2203 - Cyrville Rd./Industrial Park
• Property Type: Tenant/Commercial
• Bath: 1
• Garages: None

Building Features

Features

• Heating: Gas Forced Air Closed Gas
• Sewer: Sanitary ,