10 MELVILLE DRIVE
Ottawa, Ontario
MLS® X13609902
$1,399,000
- Status
- Active
- Property type
- House
- MLS® number
- X13609902
- Bedrooms
- 10
- Bathrooms
- 5
- Year built
- —
Listing 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, 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. Expected completion date is November 2026. STILL UNDER CONSTRUCTION.
Gas and Hydro is separately metered, builder can also separate water meters. Listing price reflective of HST rebate.
Property summary
- MLS® number
- X13609902
- Property type
- Single Family
- Building type
- House
- Title
- Freehold
- Land size
- 29.1 x 120 FT
- Annual property taxes
- $1,106.78
- Parking
- 3 spaces · Attached Garage, Garage
- Days on market
- 63 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- None
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer, Garage door opener remote(s)
- Exterior features
- Steel, Stone
- Lot features
- Lighting, Carpet Free
- Community features
- School Bus
What would this home cost you?
Based on the $1,399,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of AVENUE NORTH REALTY INC., OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.