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Ryan Schinker

ryan@soldbyschinker.com +1(519) 807-8485

$ 789,000

Est. payment | -/mo

12 Beds

8 Baths

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$ 789,000

Est. payment | -/mo

Save Virtual Tour

12 Beds

8 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision 8201 - Fringewood

MLS Listing ID X12811134

Style Bungalow-Raised

Bedrooms 12

Annual Tax Amount $9,509

Tax Year 2025

Property Sub-Type Multiplex

Property Description

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 where you can buy one duplex (35 Cloverloft Court) for $789,000 or one duplex and a vacant development lot (35A and 37 Cloverloft Court) for $1,109,000 or all three parcels for $1,898,000. Perfect as a package for 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 is $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, transit 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 large windows, good daylighting. Each unit is about 1,350 square feet, all with separate ingress/egress. Total developed floor space of approximately 5,400 sq ft.

Location

State ON

County Ottawa

Area Ottawa

Rooms

Family Room Yes

Basement Apartment, Separate Entrance

Kitchen 4

Separate Den/Office 6

Interior

Interior Features Guest Accommodations, In-Law Capability, In-Law Suite, Separate Hydro Meter, Water Heater

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Pool None

Waterfront Description Direct

Roof Type Shingles

Lot Frontage 119.85

Lot Depth 155.0

Total Parking Spaces 12

Building

Unit Features Ravine

Foundation Poured Concrete

Others

ParcelsYN Yes

Virtual Tour https://youtu.be/QR8rQWq2PCA

Listed by ROYAL LEPAGE PERFORMANCE REALTY

Nearby Locations

Ryan Schinker

Agent

+1(519) 807-8485 | ryan@soldbyschinker.com

35, 35A and 37 Cloverloft CT Stittsville - Munster - Richmond, ON K2S 1T3

Ryan Schinker

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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35, 35A and 37 Cloverloft CT