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10 Melville Drive, Ottawa, ON 2 photos

$1,449,000

Active
10 Melville Drive, Ottawa, ON· Barrhaven - Pheasant Run
10
Bedrooms
5
Bathrooms
3000-3500
Sq Ft
3
Attached Parking
New
Year Built

About this Property

  • An attached garage spot offers additional income potential through separate rental

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 November 2026. STILL UNDER CONSTRUCTION. Gas and Hydro is separately metered, builder can also separate water meters.

Listed by AVENUE NORTH REALTY INC. · MLS# X12595688

About Barrhaven

Family Suburb · Avg $650K

Barrhaven is a thriving suburban community in Ottawa's south end that has evolved from a quiet bedroom community into one of the city's most complete and self-sustaining neighbourhoods. With a population that has more than doubled over the past two decades, Barrhaven now boasts its own shopping centres, medical facilities, recreational complexes, and a vibrant restaurant scene along Strandherd Drive and Greenbank Road.

Avg Home Price$650K
Schools30+
Parks & Trails50+
Drive to Downtown25 min
View Full Barrhaven Guide

Features & Details

Property details of 10 Melville Drive, Ottawa, ON

Property TypeDetached
Style3-Storey
Size3000-3500 sq ft
Total Parking3

Mortgage Calculator

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%
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Mortgage Payment$7,119/monthly
Principal54%
Interest46%
Principal Amount$1,159,200
Interest$976,351
Total Payable$2,135,551
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$7,119
Mortgage + Expenses$7,119
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$
$
$
$
Monthly Cash Flow-$7,119

* Estimate only. Consult a mortgage broker for accurate figures.

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Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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