35 35A and 37 Cloverloft Court

Nestled in the heart of Ottawa, at the charming address of 35 35A and 37 Cloverloft Court, this remarkable property, known as Creekside Lofts, presents an exceptional opportunity for a variety of buyers. This Multi-Family Home for sale in Ottawa comprises three parcels, with 35 and 37 Cloverloft Court serving as legal duplexes currently rented out for medium-term rentals, while 35A Cloverloft Court is a vacant lot primed for development, allowing for the potential addition of up to four additional units. This unique offering is ideally suited for developers, investors, or even those looking to reside in one unit while renting out the others.

The property features a total of six bedrooms and six dens, along with an impressive eight bathrooms, making it a spacious and versatile option for families or groups. The two kitchens ensure that meal preparation is a breeze, whether for family gatherings or entertaining guests. With a total of 14 rooms, including a family room, this Multi-Family Home for sale in Ottawa is designed to accommodate a range of lifestyles and needs.

Located in the community of 8201 - Fringewood, the property boasts a generous lot size of 44 by 146 feet, providing ample outdoor space for leisure and activities. Although there is no pool or fireplace, the home is equipped with central air conditioning, ensuring comfort during the warmer months. The absence of a central vacuum system does not detract from the overall appeal of this unfurnished multiplex, which is ready for your personal touch.

The building itself is a two-storey structure clad in durable vinyl siding, offering a modern aesthetic that complements the surrounding area. The separate entrance to the basement apartment adds an extra layer of privacy and functionality, making it an ideal option for guests or additional rental income. Each unit, approximately 1,350 square feet in size, features large windows that allow for plenty of natural light, creating a warm and inviting atmosphere.

The zoning for this property is R1D[2240], which primarily supports single-detached dwellings while allowing for the addition of secondary dwelling units. As Ottawa transitions towards new "N-series" neighbourhood zones by 2025-2026, which will permit up to four units per lot, the investment potential of this Multi-Family Home for sale in Ottawa is poised to increase significantly. The existing interim income from the two developed lots enhances the return on investment (ROI) and internal rate of return (IRR) for prospective buyers.

Situated just seven minutes from the Canadian Tire Centre, this property is conveniently located near essential services and employment opportunities. The natural area bordering Poole Creek not only provides a beautiful backdrop but also contributes to noise reduction and privacy, enhancing the overall living experience. The high ranch construction of the building ensures that the lower-level units are only half a level down, featuring eight-foot ceiling heights that further enhance the sense of space.

For those looking to maximise their investment, there is also the possibility of legally adding approximately 15 square metres (161.5 square feet) of backyard or sideyard workshops, mancaves, she-sheds, or backyard offices. These additional features can significantly boost both the utility of the property and tenant retention, further improving ROI and IRR.

In summary, this Multi-Family Home for sale in Ottawa at 35 35A and 37 Cloverloft Court is a rare find that offers a multitude of possibilities. Whether you are an investor seeking a lucrative opportunity or a family looking for a spacious and adaptable living arrangement, this property is sure to meet your needs. Don’t miss out on the chance to make this exceptional property your own!

Fringewood is a charming residential neighbourhood nestled in the vibrant city of Ottawa, characterised by its serene, tree-lined streets and a welcoming atmosphere. This community offers a perfect blend of suburban tranquillity and urban convenience, with easy access to local amenities, parks, and schools. Residents can enjoy leisurely strolls in the nearby green spaces or engage in community activities that foster a sense of belonging. Fringewood's proximity to public transport and major roadways ensures that the bustling heart of Ottawa is just a short journey away, making it an ideal location for those seeking a peaceful yet connected lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a short distance, you will find A. Lorne Cassidy Elementary School (2.1 km) and Kanata Highlands Public School (1.7 km), both offering strong educational programs in English and French for grades JK to 6 and 4 to 8, respectively, with school ratings of 7.2 and 7.9. For secondary education, A.Y. Jackson Secondary School is just 3.4 km away, providing a robust curriculum for grades 9 to 12, also rated at 7.2. Additionally, St. Stephen School, a Catholic elementary school located 1.3 km from the property, caters to grades JK to 6 and has a rating of 6.5. For older students, Sacred Heart High School, a Catholic institution, is only 1.6 km away and offers grades 7 to 12, boasting an impressive rating of 8.3. This diverse selection of schools, both public and Catholic, ensures that families have access to quality education options within a convenient distance from their new home.