Investment signal

$1,449,000

10 MELVILLE DRIVE

Save this home

Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Investment signal

Text Hasan Open map Ask a question

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

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. (id:65958)

Subtype: Single Family
Structure: House
Community: 7701 - Barrhaven - Pheasant Run
Common interest: Freehold
Lot dimensions: 29.1 x 120 FT
Bedrooms: 10 above grade
Parking: 3 total
Stories: 3
On market: Dec 2, 2025
Status changed: Apr 24, 2026
Annual tax: $1,067.59
Photos: 1
MLS#: X12595688
Area: OTTAWA

Features and systems

Parking

Attached GarageGarage

Basement

None

Appliances

WasherRefrigeratorDishwasherStoveDryerGarage door opener remote(s)

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

SteelStone

Foundation

Poured Concrete

Lot

LightingCarpet Free

Community

School Bus

Negative cash flow ~$1,541/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.38%

Cap rate

3.59%

GRM

16.7

Break-even rent

$8,872

Financing

Down payment$289,800

Loan amount$1,159,200

Mortgage$5,873/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$664

Insurance$80

Maintenance$1,208

CapEx reserve$604

Vacancy loss$363

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $5,873/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.