10 MELVILLE DRIVE, Ottawa
- House
- Spacious 10-bedroom layout
- 3-car parking
- Ottawa location
Ask Peter Sagos about this property
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. 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. (id:66401)
Property Details
Building & Features
Building
- Building type
- House
- Storeys
- 3
- Exterior
- Steel, Stone
- Foundation
- Poured Concrete
- Building features
- Separate Electricity Meters, Separate Heating Controls
Interior
- Basement
- None
- Bedrooms above grade
- 10
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Fireplace
- No
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer, Garage door opener remote(s)
Parking
- Garage and parking
- Attached Garage, Garage
Lot and land
- Lot dimensions
- 29.1 x 120 FT
- Frontage
- 29.1 ft
- Lot features
- Lighting, Carpet Free
- Water
- Municipal water
- Sewer
- Sanitary sewer
Ownership and fees
- Ownership
- Freehold
Location
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