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.
Listing IDX12811134
Address35, 35A and 37 Cloverloft Court
CityStittsville - Munster - Richmond, Ontari…
Price$1,920,000
Bed / Bath12 / 8 Full
StyleBungalow-Raised, Multiplex
ConstructionVinyl Siding
Land Size24311.4
TypeMulti-Family
StatusFor Sale
