10 Melville Drive, Ottawa, Ontario

About 10 Melville Drive

Introducing a brand-new detached development with THREE above-grade apartment dwelling units, each with their own entrances, in-suite laundry and separately metered utilities. With two 4-bed, 2-bath units and one 2-bed, 1-bath unit, this rare turnkey investment offers exceptional income potential and modern design. With a projected gross annual income of $86,400, one-year developer warranty, Tarion warranty, this is a dream investment property. Energy-efficient systems, including high-efficiency heat pumps with backup electric heating and tankless water heaters, keep operating costs low. An attached garage spot offers additional income potential through separate rental. Located just minutes from top-rated schools, public transit, major arterial routes, and Highway 416, this property ensures strong tenant demand. With no rent control due to new-build exemption, investors can take full advantage of market-driven rents and a healthy ROI. STILL UNDER CONSTRUCTION. Projected completion date January 2027. Gas and Hydro is separately metered, builder can also separate water meters. Listing price reflective of HST rebate. (id:6289)

More Info on this 7701 - Barrhaven - Pheasant Run House MLS® listing

10 Melville Drive is a house listing for sale in Ottawa. The MLS® number is X13609902. It features 10 bedrooms, 5 bathrooms. It's currently listed for $1,399,000. For more details on MLS® X13609902, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This house listing in 7701 - Barrhaven - Pheasant Run is available now!

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