12 Bedroom
8 Bathroom
2,500 - 3,000 ft2
Raised Bungalow
Central Air Conditioning
Forced Air
$1,920,000
This property, known as Creekside Lofts, is adjacent to Poole Creek and consists of 3 parcels: 35 and 37 Cloverloft Court are legal duplexes rented out for medium term rentals (30 days or longer up to 180 days). 35A Cloverloft Court is a vacant lot to be developed for up to 4 additional units. This listing is being sold as a package to a developer, investor or a sitting owner who wants to live in one unit and rent out the others. Alternatively, the property would be ideal for a multi-generational family compound or co-operative housing. Each furnished unit consists of three bedrooms and two baths. They typically rent for $3,500 per month per unit. Total potential revenue from two existing duplexes are $14,000 monthly ($168,000/year gross) plus additional revenue from the development potential of the currently vacant lot (with up to four more units). The lots are exceptionally deep and all are pie-shaped, Depths ranges are from 145.7 to 164.4 feet. Zoning is R1D[2240]: Primarily single-detached dwelling plus the addition of a secondary dwelling units. As of 2025-2026, many R1 zones are transitioning to new "N-series" (Neighbourhood) zones that allow up to 4 units per lot. Subject properties are close to services and jobs, 7-mins from the Canadian Tire Centre and there is a natural area behind the properties bordering Poole Creek which provides noise reduction, privacy and beauty. High Ranch construction means lower level units are only 1/2 level down, have 8-foot ceiling heights and have large windows, good daylighting. Each unit is about 1,350 square feet, all with separate ingress/egress. Existing interim income from the two developed lots increases a buyer's ROI/IRR (return on investment/internal rate of return). Lastly, a buyer could legally add some 15 sq m (161.5 sq ft) backyard or sideyard workshops or mancaves or she-sheds or backyard offices to further boost both utility, tenant stickiness and ROI/IRR. There are three PINs and three legal descriptions. (id:61594)
Property Details
|
MLS® Number
|
X12811134 |
|
Property Type
|
Multi-family |
|
Community Name
|
8201 - Fringewood |
|
Features
|
Ravine, Guest Suite, In-law Suite |
|
Parking Space Total
|
12 |
|
View Type
|
Direct Water View |
Building
|
Bathroom Total
|
8 |
|
Bedrooms Above Ground
|
6 |
|
Bedrooms Below Ground
|
6 |
|
Bedrooms Total
|
12 |
|
Amenities
|
Separate Electricity Meters |
|
Appliances
|
Water Heater, Water Meter, Blinds, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator |
|
Architectural Style
|
Raised Bungalow |
|
Basement Features
|
Apartment In Basement, Separate Entrance |
|
Basement Type
|
N/a, N/a |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Vinyl Siding |
|
Foundation Type
|
Poured Concrete |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Stories Total
|
1 |
|
Size Interior
|
2,500 - 3,000 Ft2 |
|
Type
|
Other |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
155 Ft |
|
Size Frontage
|
119 Ft ,10 In |
|
Size Irregular
|
119.9 X 155 Ft |
|
Size Total Text
|
119.9 X 155 Ft |
|
Zoning Description
|
R1d[2240] |
Utilities
|
Cable
|
Installed |
|
Electricity
|
Installed |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/29388105/35-35a-and-37-cloverloft-court-ottawa-8201-fringewood
