Address
123-125 PAMILLA STREET Ottawa, ON
Price
$ 1,999,888
Property Attributes
  • ID#1269800
  • TypeLand
  • CityOttawa
  • NeighbourhoodLittle Italy
  • Postal CodeK1S 3K9
  • Style
  • Price$ 1,999,888
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Carley Humphries with Keller Williams Integrity Realty
Data Source:
RLP - CREA EN
Property Description

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:27)

Exterior Features

Lot Frontage 50.0
Jumpid 16476297
Mls 1269800

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in K1S 3K9

Price
AVG $2M
$2M
Visits
AVG 8
8
Walkscore
AVG 79
79
Data Provided by Walkscore ® not using MLS data