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123-125 Pamilla Street Ottawa, Ontario K1S 3K9

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123-125 Pamilla Street Ottawa, Ontario K1S 3K9

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:42482)

Enquire about 123-125 Pamilla Street, Ottawa, Ontario K1S 3K9

    Property Details

    Property Details for 123-125 Pamilla Street, Ottawa, Ontario K1S 3K9

    MLS® Number 1269800
    Property Type Vacant Land
    Neighbourhood Little Italy
    Features Other
    Road Type Paved Road

    Building

    Building details for 123-125 PAMILLA STREET, Ottawa, Ontario K1S 3K9
    Basement Development Not Applicable
    Basement Type Unknown (not Applicable)
    Utility Water Municipal Water

    Land

    Access Type Road Access
    Acreage No
    Current Use Development Residential
    Sewer Municipal Sewage System
    Size Depth 100 Ft
    Size Frontage 50 Ft
    Size Irregular 0.01
    Size Total 0.01 Ac
    Size Total Text 0.01 Ac
    Zoning Description R4ud

    Carley Humphries
    Salesperson

    (613) 986-0898
    KELLER WILLIAMS INTEGRITY REALTY
    2148 Carling Ave., Units 5 & 6
    Ottawa, Ontario K2A 1H1

    (613) 829-1818
    (613) 829-3223
    www.kwintegrity.ca

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