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7 Cloverloft Court Ottawa, Ontario K2S 1T2

6 Bedroom 2 Bathroom
Raised Ranch Wall Unit Hot Water Radiator Heat

$649,900

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:19849)

Property Details

MLS® Number 1325916
Property Type Single Family
Neigbourhood Fringewood
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 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

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Carley Humphries
Salesperson

(613) 986-0898

Keller Williams Integrity Realty
2148 Carling Ave., Units 5 & 6
Ottawa, Ontario K2A 1H1

(613) 829-1818
(613) 829-3223
www.kwintegrity.ca

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