Office Listings

123-125 PAMILLA STREET
Little Italy Ottawa K1S3K9

$1,999,888
Multi-family baths: 0.0 built: 1900

Main Photo: 123-125 PAMILLA STREET in Ottawa: Multi-family for sale : MLS®# 1269803
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Status:
Active
Prop. Type:
Multi-family
MLS® Num:
1269803
Year Built:
1900
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:2493)
Property Type:
Multi-family
Transaction Type:
For sale
Zoning:
R4UD
Ownership Type:
Freehold
Property Management Company:
0 -
Community:
Little Italy
Number of bathrooms:
0.0
Half Bathrooms:
0
Age:
121 years
Cooling:
None
Exterior Finish:
Brick, Siding, Stucco
Fireplace:
No
Foundation:
Stone
Heating:
Baseboard heaters, Forced air
Heating Fuel:
Natural gas, Electric
# Storeys:
3.0
Water:
Municipal water
Sewer:
Municipal sewage system
Lot Frontage:
50'
Lot Depth:
100'
Acreage:
No
Lot Size:
4,791.6 sq. ft.
Lot Size:
0.11 ac
Lot Details:
0.11
Total Parking Spaces:
7
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Data was last updated December 9, 2021 at 12:45 PM (UTC)
Area Statistics
Listings on market:
60
Avg list price:
$1,210,000
Min list price:
$625,000
Max list price:
$10,950,000
Avg days on market:
39
Min days on market:
1
Max days on market:
231
These statistics are generated based on the current listing's property type and located in Ottawa. Average values are derived using median calculations.
RITA FUNG
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.