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Key Details
Sold Price $630,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID X5866395
Sold Date 03/15/23
Style Bungalow-Raised
Bedrooms 6
Annual Tax Amount $3,643
Tax Year 2022
Property Description
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).
Location
Province ON
County Ottawa
Rooms
Family Room No
Basement Apartment
Kitchen 2
Separate Den/Office 3
Interior
Cooling Wall Unit(s)
Exterior
Garage Mutual
Garage Spaces 4.0
Pool None
Parking Type None
Total Parking Spaces 4
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