1368 LABRIE Avenue, Cyrville - Carson Grove - Pineview, ON K1B 3M1
Cyrville - Carson Grove - Pineview , K1B 3M1
$2,350,000.00
1 Bathrooms
14962 Square Feet
Commercial
Property Details
| MLS Number | X13073622 |
| Property Type | Commercial |
| City | Cyrville - Carson Grove - Pineview |
| City Region | 2203 - Cyrville Rd./Industrial Park |
| Postal Code | K1B 3M1 |
| Cross Street | Cyrville Rd and St. Laurent Blvd. |
| Street Number | 1368 |
| Street Name | LABRIE |
| Lot Width | 100 ft |
| Lot Depth | 150 ft |
| Building Area | 14962 Square Feet |
| Bathrooms | 1 |
| Annual Tax | $7,307.84 |
| Sewer | Sanitary |
| Utilities | Yes |
| Occupant Type | Tenant |
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
Selvan Puvaneswaranathan
Broker — REMAX Crossroads