123-125 PAMILLA STREET, Ottawa, Ontario, K1S3K9
Property TypeVacant Land Lot Size0.01 acres

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:46094)


Details
FeaturesOther RoadPaved road
TransactionFor sale Zoning DescriptionR4UD
Building
Basement DevelopmentNot Applicable BasementUnknown (Not Applicable)
Bathrooms (Half)0 Bathrooms (Total)0
Utility WaterMunicipal water
Land
Size Total0.01 ac Size Frontage50 ft
Access TypeRoad access Current UseDevelopment residential
SewerMunicipal sewage system Size Depth100 ft
Size Irregular0.01

Listing Office: KELLER WILLIAMS INTEGRITY REALTY

Data Provided by Ottawa Real Estate Board

Last Modified :17/11/2021 10:11:28 AM

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