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X5866395
$674,900

7 Cloverloft Crt (Hazeldean Rd & Iber Rd)

Price: $674,900

Status: For Sale 

MLS®#: X5866395

$674,900
  • Tax: $3,643.25 (2022)
  • Community:Goulbourn
  • City:Ottawa
  • Type:Residential
  • Style:Duplex (Bungalow-Raised)
  • Beds:3+3
  • Bath:2
  • Basement:Apartment

Features:

  • ExteriorBrick, Vinyl Siding
  • HeatingWater, Gas
  • Sewer/Water SystemsSewers, Municipal

Listing Contracted With: KELLER WILLIAMS REALTY CENTRES, BROKERAGE

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).


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Wasim Jarrah

Broker, FRI, CNE,SRES, ABR

Keller Williams Realty Centres

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