For Sale - 37 and 35A Cloverloft Court, Stittsville - Munster - Richmond, Ontario

Est payment $5,325/mo
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Time on Jump  7 day



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.
Listing IDX13588926
Address37 and 35A Cloverloft Court
CityStittsville - Munster - Richmond, Ontari…
Price$1,109,000
Bed / Bath6 / 4 Full
Style1 1/2 Storey, Detached
ConstructionAluminum Siding
TypeResidential
StatusFor Sale
Subtype DetachedIndoor Features Accessory ApartmentAmenities School Bus Route, Greenbelt/ConservationOwnership FreeholdViews Park/Greenbelt, WaterWaterfront DirectBasement FinishedFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer
Parking 6.00
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Listing Agency:  ROYAL LEPAGE PERFORMANCE REALTY

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37 And 35a Cloverloft Court
Stittsville - Munster - Richmond , Ontario
6 4 $1,109,000
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