Multiplex For Sale | X12811134Sale

This property, known as Creekside Lofts, is adjacent to Poole Creek and consists of 3 parcels: 35 and 37 Cloverloft Court are legal duplexes rented out for medium term rentals (30 days or longer up to 180 days). 35A Cloverloft Court is a vacant lot to be developed for up to 4 additional units. This listing is being sold where you can buy one duplex (35 Cloverloft Court) for $789, 000 or one duplex and a vacant development lot (35A and 37 Cloverloft Court) for $1, 109, 000 or all three parcels for $1, 898, 000. Perfect as a package for a developer, investor or a sitting owner who wants to live in one unit and rent out the others. Alternatively, the property would be ideal for a multi-generational family compound or co-operative housing. Each furnished unit consists of three bedrooms and two baths. They typically rent for $3, 500 per month per unit. Total potential revenue from two existing duplexes is $14, 000 monthly ($168, 000/year gross) plus additional revenue from the development potential of the currently vacant lot (with up to four more units). The lots are exceptionally deep, and all are pie-shaped. Depths ranges are from 145.7 to 164.4 feet. Zoning is R1D[2240]: Primarily single-detached dwelling plus the addition of a secondary dwelling units. As of 2025-2026, many R1 zones are transitioning to new “N-series” (Neighbourhood) zones that allow up to 4 units per lot. Subject properties are close to services, transit and jobs, 7-mins from the Canadian Tire Centre and there is a natural area behind the properties bordering Poole Creek which provides noise reduction, privacy and beauty. High Ranch construction means lower-level units are only 1/2 level down, have 8-foot ceiling heights and large windows, good daylighting. Each unit is about 1, 350 square feet, all with separate ingress/egress. Total developed floor space of approximately 5, 400 sq ft.