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
  • Lot Size436 SqFt
Listing Provided Courtesy Of:
KELLER WILLIAMS INTEGRITY REALTY
Data Source:
Canadian Real Estate Association
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:7434)

General Features

Features Other
More Information Link https://www.realtor.ca/real-estate/23800531/123-125-pamilla-street-ottawa-little-italy
Neighbourhood Little Italy
Property Type Vacant Land
Road Type Paved road
Zoning Description R4UD

Interior Features

Basement Development Not Applicable
Basement Type Unknown (Not Applicable)
Building Fireplace Present False

Exterior Features

Land Current Use Development residential
Sewer Municipal sewage system

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 11
10
Walkscore
AVG 79
79
Data Provided by Walkscore ® not using MLS data