10 Melville Drive, Ottawa, Ontario, K2J2E9




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$1,399,000
Ottawa
This 10-bedroom, 5-bathroom home in Ottawa is for sale offering roughly 3,250 sq ft of space.
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. STILL UNDER CONSTRUCTION. Projected completion date January 2027. Gas and Hydro is separately metered, builder can also separate water meters. Listing price reflective of HST rebate. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 101 days on market, against an average age of 62 days across the listings currently for sale in this city
This 10-bed single family in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,399,000, about 11.5× the local median household income of $122,000.
Carrying it typically needs a household income of about $273,274 (20% down, 25-yr amortization, stress-tested) — roughly 124% above the area median.
Source: Statistics Canada, 2021 Census (FSA K2J)
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Loading rates, 30-yr amortization
Cash Needed to Close
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