Detached House sold at 7 CLOVERLOFT Court, Ottawa, Ontario, K2S 1T2 - Fringewood - MLS: X9475962

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7 CLOVERLOFT Court

Ottawa, Ontario, K2S 1T2 - Fringewood

$649,900$000000

Neighbourhood

Fringewood
Major Intersection

From Kanata, head Southwest on Hazeldean, left onto Fringewood Dr, Right onto Cloverloft.

Listed Since: 1214 day(s)
Last update: 1000 day(s) ago

Overview

Property Type

Detached, Other
Bedrooms

3 + 3
Bathrooms

2
Basement

Full + Finished
Kitchen

2
Total Parking

4
Lot Size

Available Upon Request
Taxes

$3,643.00 (2022)
Type

Freehold

Property Description

Property description for 7 CLOVERLOFT Court, Ottawa

Flooring: Tile, Flooring: Vinyl, Flooring: Mixed, Welcome to 7 Cloverloft Court, a CASH FLOW focused LEGAL multi-family property in the popular northeast corner of Stittsville, 4 minutes to the highway & Canadian Tire Centre. Brand new basement apartment SDU. 2x 3-Bedroom units. ~6.16% Cap rate projected with excellent cash flow. Main floor estimated at $2,095 per month; a flagship unit for an investor’s 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 $200,000. If we see only 5% annual growth over 30 years, this property could be worth over $2.8 million by the time it’s paid in full. Great cashflow now at ~$569/mth @5.5% interest and incredible cash flow later at $1,281/mth @3% (25% down/30yrs).

Listed by KELLER WILLIAMS INTEGRITY REALTY

Property details

MLS #

X9475962
Sq. Ft

Available Upon Request
Sq. Ft. Source

MLS
Lot Irregularities

Y
Year Built

Available Upon Request
Pool

n/a
Drive

n/a
Garage

Other
Total Parking

4
Family Room

n/a
Den

n/a
Exterior

Brick
Fireplace

N
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Water
A/C

Wall Unit
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

n/a

MLS #

X9475962
Sq. Ft

Available Upon Request
Sq. Ft. Source

MLS
Lot Irregularities

Y
Year Built

Available Upon Request
Pool

n/a
Drive

n/a
Garage

Other
Total Parking

4
Family Room

n/a
Den

n/a
Exterior

Brick
Fireplace

N
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Water
A/C

Wall Unit
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

n/a

Kitchen

2.89 x 2.41 ft Main level
Living

4.82 x 4.41 ft Main level
Dining

2.51 x 2.46 ft Main level
Bathroom

false Main level
Br

3.58 x 3.35 ft Main level
Br

3.55 x 2.69 ft Main level
Br

3.35 x 2.76 ft Main level
Kitchen

3.35 x 3.12 ft Lower level
Living

7.01 x 3.45 ft Lower level
Br

4.82 x 3.37 ft Lower level
Br

3.98 x 3.45 ft Lower level
Br

3.35 x 3.22 ft Lower level
Bathroom

false Lower level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 7 CLOVERLOFT Court, Ottawa

This property has been sold 1 time before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Closing Cost Calculator

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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