10 MELVILLE DRIVE, Ottawa, Ontario, K2J2E9

Property Description

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 and a one-year developer 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. Expected completion date is July 2026. STILL UNDER CONSTRUCTION. Gas and Hydro is separately metered, builder can also separate water meters. (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Bedrooms: 10 (10 above)
• Bathrooms: 5
• Ownership: Freehold
• Attached: No
• Parking: 3 spaces (Attached Garage, Garage)
• Frontage: 29 ft (8.9 m)

Costs

• Annual Taxes: $1,067.59

Listing Provided by: AVENUE NORTH REALTY INC.
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.