All ListingsMLS# X12595688


$1,449,000
Active10 Melville Drive, Ottawa, ON· Barrhaven - Pheasant Run
10
Bedrooms
5
Bathrooms
3000-3500
Sq Ft
3 (Attached)
Parking
New
Year Built
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 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.
Listed by AVENUE NORTH REALTY INC. · MLS# X12595688
Features & Details
Property details of 10 Melville Drive, Ottawa, ON
Property TypeDetached
Style3-Storey
Size3000-3500 sq ft
Total Parking3
Market Insights for Detached in Barrhaven - Pheasant Run
Based on 17 sales in the last 90 days
New Listings
17
Avg Days on Market
32 days
Avg Price/Sq Ft
$413
Mortgage Calculator
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%
$
Mortgage Payment$7,119/monthly
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
$
$
$
$
$
Monthly Cash Flow-$7,119
* Estimate only. Consult a mortgage broker for accurate figures.

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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