123-125 Pamilla Street Ottawa, Ontario K1S 3K9
$1,999,888
Cash flow now, develop any time! Extremely rare opportunity to own two side-by-side properties adding up to a 50x100 land assembly in the heart of Little Italy, right off of Preston Street. With R4 zoning this land assemblys highest and best use is a future low-rise apartment building between 12 and 20 units. This assembly already meets frontage and lot area requirements for low-rise development. Why purchase land producing zero income while waiting to develop? Cash flow these high-producing units until the time is right to break ground, whether your timeline is 12 months from now or 12 years. 123 Pamilla has four self-contained rental units 3 short-term rentals, 1 long-term; total $8,126/month incl. coin-op laundry. 125 Pamilla is a 5-bedroom single family home rented by the room - 4 long-term, 1 short-term; total $3596/month. Gross operating income over $140,000. Net income approximately $119,000. (id:15865)
Property Details
| MLS® Number | 1269803 |
| Property Type | Multi-family |
| Neigbourhood | Little Italy |
| Parking Space Total | 7 |
Building
| Constructed Date | 1900 |
| Cooling Type | None |
| Exterior Finish | Brick, Siding, Stucco |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas, Electric |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 3 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 100 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 0.11 |
| Size Total | 0.11 Ac |
| Size Total Text | 0.11 Ac |
| Zoning Description | R4ud |
https://www.realtor.ca/real-estate/23800529/123-125-pamilla-street-ottawa-little-italy
Interested?
Contact us for more information
Carley Humphries
Salesperson
2148 Carling Ave., Units 5 & 6
Ottawa, Ontario K2A 1H1
(613) 829-1818
(613) 829-3223
www.kwintegrity.ca
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November 17 2021 03:11:28
Ottawa Real Estate Board
Keller Williams Integrity Realty