7 CLOVERLOFT COURT

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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). (id:21126)

Property Location

Data Provided by REALTORS® Association of Canadian Real Estate

Last Modified: Tue, 10 Jan 2023 15:50:41 GMT

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