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$1,109,000
Available - For Sale
Listing ID: X13588926
This property, known as Creekside Lofts, is adjacent to Poole Creek and consists of 2 parcels: 37 Cloverloft Court is a legal duplex rented out for medium term rentals (30 days or longer up to 180 days) and 35A Cloverloft Court, which 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 the existing duplexes are $7,000monthly ($84,000/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 (drains to Carp River) which provides noise reduction, privacy and beauty. High Ranch construction means lower level unit is only 1/2 level down, has 8-foot ceiling height and large windows, good daylighting. Each unit is about 1,350 square feet, each with separate ingress/egress. Existing interim income from the developed lot 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 two PINs and two legal descriptions.
Price $1,109,000
Taxes: $4,500
Occupancy by: Tenant
Address: 37 and Cloverloft Court , Stittsville - Munster - Richmond, K2S 1T3, Ottawa
Directions/Cross Streets: Cloverloft Court and Fringewood Drive
Rooms: 14
Bedrooms: 6
Bedrooms +: 0
Washrooms: 4
Family Room: T
Basement: Finished
No. of Pieces Level
Washroom 1:  3
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Property Type: Detached
Style: 1 1/2 Storey
Exterior: Aluminum Siding
Garage Type: None
Drive Parking Spaces: 6
Pool: None
Approximatly Square Footage: 1100-1500
Property Features: School Bus R
Greenbelt/Conserva
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: Y
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37 and Cloverloft Court , Stittsville - Munster - Richmond, K2S 1T3, Ottawa

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Arash Salehrad
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(647)402-5949
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(905)508-9500
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(905)773-3861

 
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At a Glance:
Type: Freehold - Detached
Area: Ottawa
Municipality: Stittsville - Munster - Richmond
Neighbourhood: 8201 - Fringewood
Style: 1 1/2 Storey
Lot Size: x 155.00(Feet)
Approximate Age:
Tax: $4,500
Maintenance Fee: $0
Beds: 6
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949