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$1,449,000
ActiveAbout 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
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.
Features & Details
Property details of 10 Melville Drive, Ottawa, ON
Market Insights for Detached in Barrhaven - Pheasant Run
Based on 13 sales in the last 90 days
Seller’s Market
Demand is outpacing supply. Sellers can expect competitive offers and strong pricing.
New Listings
13
Avg Days on Market
27 days
Avg Price/Sq Ft
$398
Location
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Cash Flow Analysis
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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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