Waterfront
Address
37 And 35a Cloverloft Court, Ottawa, ON
Price
$ 1,109,000
Property Attributes
- ID#X13588926
- TypeSingle Family
- Listing Status Active
- MunicipalityOttawa
- CountyOttawa Real Estate Board
- CityOttawa
- Area8201 - Fringewood
- Neighborhood8201 - Fringewood
- ZipK2S 1T3
- Style
- Price$ 1,109,000
- Bedrooms6
- Bathrooms4
- Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
Property Description
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. (id:7434)
General Features
| Features | Sloping, Conservation/green belt |
|---|---|
| Easement | Other, None |
| Community Features | School Bus |
| Property Type | Single Family |
| Zoning Description | R1D[2240] |
| CommunityName | 8201 - Fringewood |
| Building Appliances | Water meter, Blinds, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator |
| Building Cooling Type | Central air conditioning |
| Location Description | Cross Streets: Cloverloft Court and Fringewood Drive. ** Directions: From Canadian Tire Centre, head south on Huntmar Drive. Turn west on Hazeldean Road then south on Fringewood Drive then west on Cloverloft Court. 35A and 37 Cloverloft Court will be on your right. 7 minutes. |
| Parking Space Total | 6 |
| Foundation Type | Concrete |
| Building Type | House |
| Ownership Type | Freehold |
| Building.StoriesTotal | 1.5 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Basement Development | Finished |
| Basement Type | N/A (Finished) |
| Construction Style Attachment | Detached |
| Living Area Range | 1100 |
| Bedrooms | 6 |
Exterior Features
| Water Front Name | Carp River |
|---|---|
| Water Front Type | Waterfront on creek |
| ViewType | View of water |
| Sewer | Sanitary sewer |
| Exterior Finish | Aluminum siding |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in K2S 1T3
Price
In The Neighborhood
Open House
Stittsville-Munster-Richmond
$ 649,000
- Type
- Single Family
- Size
- 1,100 SqFt
- Rooms
- 3 Beds + 3 Baths
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
