10 Melville Drive, Ottawa, photo 1 1 / 5

$1,399,000

10 Melville Drive

Barrhaven - Pheasant Run, Ottawa, ON K2J2E9 · MLS® X13609902

  • 10Bedrooms
  • 5Bathrooms
  • 3Parking

About this property

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:65933)

Type
House
Category
Single Family
Annual taxes
$1,107
Updated
Nov 3, 2026

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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025.

Listed by Avenue North Realty Inc..

Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.

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