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Andrew Ahmed

Executive Homes Realty Inc.

andrew@gta.realestate +1(416) 619-5278

$789,000

Est. payment - /mo

6 Beds

4 Baths

0.56 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision 8201 - Fringewood

MLS Listing ID X12811134

Style Bungalow-Raised

Bedrooms 6

Annual Tax Amount $5,009

Tax Year 2025

Lot Size 0.558 Acres

Property Sub-Type Multiplex

Property Description

This property, known as Creekside Lofts, is adjacent to Poole Creek; it consists of one legal duplex rented out for medium term rentals (30 days or longer up to 180 days). Perfect for an investor or a sitting owner who wants to live in one unit and rent out the other. Alternatively, the property would be ideal for a multi-generational family or co-operative housing. Each furnished unit consists of three bedrooms and two baths. They typically rent as MTR (medium term rentals) for $3,500 per month per unit. Total potential revenue from existing duplex is $7,000 monthly ($84,000/year gross). The lot is exceptionally deep, and pie-shaped. Depth ranges 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 property is 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 is only 1/2 level down, has 8-foot ceiling height and large windows, good daylighting. Each unit is about 1,350 square feet, with separate ingress/egress. Total developed floor space of approximately 2,700 sq ft.

Location

Province ON

County Ottawa

Area Ottawa

Rooms

Family Room Yes

Basement Apartment, Separate Entrance

Kitchen 2

Interior

Interior Features Guest Accommodations, In-Law Capability, In-Law Suite, Separate Hydro Meter, Water Heater

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Pool None

Waterfront Description Direct

Roof Type Shingles

Lot Frontage 119.85

Lot Depth 155.0

Total Parking Spaces 12

Building

Unit Features Ravine

Foundation Poured Concrete

Others

ParcelsYN Yes

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Listed by ROYAL LEPAGE PERFORMANCE REALTY

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