35, 35A AND 37 CLOVERLOFT COURT, Ottawa, Ontario, K2S 1T3
$1,920,000MLS® # X12811134
Investment For Sale In Stittsville, Ottawa, Ontario
Property Information:
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:27)
Building Features:
- Style: Multiplex
- Building Type: Other
- Amenities: Separate Hydro Meters
- Architectural Style: Raised bungalow
- Basement Type: N/A, N/A
- Exterior Finish: Vinyl siding
- Floor Space: 2500 - 3000 sqft
- Foundation Type: Poured Concrete
- Heating Type: Forced air
- Heating Fuel: Natural gas
- Cooling Type: Central air conditioning
- Appliances: Water meter, Blinds, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator
Property Features:
- Property Type: Multi-family
- Bedrooms: 6+6
- Bathrooms: 8
- Features: Ravine, Guest Suite
- Floor Space (approx): 2500 - 3000 Square Feet
- Irregular: Yes
- Lot Depth: 155 Feet
- Lot Frontage: 119.8 Feet
- Lot Size: 119.9 x 155 FT
- Utility Type: Sewer - Installed, Hydro - Installed, Cable - Installed
- View Type:
- Zoning: R1D[2240]
- Sewer: Sanitary sewer
- Parking Type: No Garage
- No. of Parking Spaces: 12
Courtesy of: Royal LePage Performance Realty
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