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Triplex in Cyrville Industrial Park

Asking Price $2,350,000
MLS# – 1399921

Rooms & Sizes

Description

DEVELOP & CONSTRUCT or OWN & OPERATE – Be opportunistic in a transitioning neighborhood! Recently rezoned TD1 site on 0.34 acres (see reports). Under 400m to the Cyrville Station with architectural plans for a 6-storey mid-rise. Currently operates as Triplex-Office with three 2BDRM units, an office building and fenced storage yard. Unit 1 (lower): Renovated 2 bdrm $2100/month incl. Unit 2 (ground): Spacious-upgraded eat-in kitchen $1950/month incl. Unit 3 (upper): Bright-upgraded kitchen and bath $1940/month incl office outbuilding with bathroom Fenced Year Yard: Vacant-previously leased for $1350/month for equipment storage – professionally graded with compacted gravel and separate gated entrance. Storage Shed: 2 Storage Units included with Unit 1&2 Parking: 20 (8 tenant) Current income is 71k/year with potential to increase to 88k/year. Notices for rent increases of 2.5% take effect in October 2024. Existing leases 1yr+ (id:52884)

Features

Central air conditioning

FinishedFull

Siding

GravelSurfaced

Municipal sewage system

Fully serviced

CeramicLaminateVinyl

Flat site

Municipal water

Map

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    Last Updated
    07/13/2024
    Data Provider
    Ottawa Real Estate Board
    Listing Office
    EXP REALTY