12 Bedroom
8 Bathroom
2,500 - 3,000 sqft
Raised Bungalow
Central Air Conditioning
Forced Air
$789,000
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. (id:63476)
Property Details
|
MLS® Number |
X12811134 |
|
Property Type |
Multi-family |
|
Community Name |
8201 - Fringewood |
|
Features |
Ravine, Guest Suite, In-law Suite |
|
Parking Space Total |
12 |
|
View Type |
Direct Water View |
|
Water Front Name |
Poole Creek |
Building
|
Bathroom Total |
8 |
|
Bedrooms Above Ground |
6 |
|
Bedrooms Below Ground |
6 |
|
Bedrooms Total |
12 |
|
Amenities |
Separate Electricity Meters |
|
Appliances |
Water Heater, Water Meter, Blinds, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator |
|
Architectural Style |
Raised Bungalow |
|
Basement Features |
Apartment In Basement, Separate Entrance |
|
Basement Type |
N/a, N/a |
|
Cooling Type |
Central Air Conditioning |
|
Exterior Finish |
Vinyl Siding |
|
Foundation Type |
Poured Concrete |
|
Heating Fuel |
Natural Gas |
|
Heating Type |
Forced Air |
|
Stories Total |
1 |
|
Size Interior |
2,500 - 3,000 Sqft |
|
Type |
Other |
|
Utility Water |
Municipal Water |
Parking
Land
|
Acreage |
No |
|
Sewer |
Sanitary Sewer |
|
Size Depth |
155 Ft |
|
Size Frontage |
119 Ft ,10 In |
|
Size Irregular |
119.9 X 155 Ft |
|
Size Total Text |
119.9 X 155 Ft |
|
Zoning Description |
R1d[2240] |
Utilities
|
Cable |
Installed |
|
Electricity |
Installed |
|
Sewer |
Installed |