7 Cloverloft Court Ottawa, Ontario K2S 1T2
$674,900
Welcome to 7 Cloverloft Court, a LEGAL multi-family property in the popular northeast corner of Stittsville, 4 minutes to the highway & Canadian Tire Centre. Brand new legal basement apartment SDU. 2x 3-Bedroom units. ~6% Cap rate projection with a profitable balance sheet. Main floor estimated at $2,095 per month; a flagship unit for an investor’s multi-family portfolio. Or, if you’re looking for a primary residence, enjoy the enormous utility of this home all for yourself. The lower unit has an intelligently designed 3-bedroom layout and is poised to earn ~$1895 per month. An ultra-efficient gas boiler system provides economical and reliable heat and hot water for both units. At current rents and interest rates, cashflow over 30 years exceeds $168,000. If we see only 5% annual growth over 30 years, this property could be worth over $2.9 million by the time it’s paid in full. Great cashflow now, incredible cash flow later: ~$462/mth @5.5% interest; $1,202/mth @3% (25% down/30yrs). (id:49712)
Property Details
| MLS® Number | 1325916 |
| Property Type | Single Family |
| Neigbourhood | Fringewood |
| Community Name | Stittsville |
| Amenities Near By | Public Transit, Recreation Nearby, Shopping |
| Parking Space Total | 4 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 6 |
| Appliances | Refrigerator, Dishwasher, Dryer, Stove, Washer |
| Architectural Style | Raised Ranch |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1982 |
| Construction Style Attachment | Detached |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick, Siding |
| Flooring Type | Mixed Flooring, Tile, Vinyl |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 1 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Surfaced | |
| Shared |
Land
| Acreage | No |
| Land Amenities | Public Transit, Recreation Nearby, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 99 Ft ,8 In |
| Size Frontage | 64 Ft ,11 In |
| Size Irregular | 64.93 Ft X 99.7 Ft |
| Size Total Text | 64.93 Ft X 99.7 Ft |
| Zoning Description | R1d |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Kitchen | 11'0" x 10'3" | ||
| Lower Level | Living Room/dining Room | 23'0" x 11'4" | ||
| Lower Level | Bedroom | 15'10" x 11'1" | ||
| Lower Level | Bedroom | 13'1" x 11'4" | ||
| Lower Level | Bedroom | 11'0" x 10'7" | ||
| Lower Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Kitchen | 9'6" x 7'11" | ||
| Main Level | Living Room | 15'10" x 14'6" | ||
| Main Level | Dining Room | 8'3" x 8'1" | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 11'9" x 11'0" | ||
| Main Level | Bedroom | 11'8" x 8'10" | ||
| Main Level | Bedroom | 11'0" x 9'1" |
https://www.realtor.ca/real-estate/25170281/7-cloverloft-court-ottawa-fringewood
2148 Carling Ave., Units 5 & 6
Ottawa, Ontario K2A 1H1
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January 28 2023 03:11:25
Ottawa Real Estate Board
Keller Williams Integrity Realty
