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10 MELVILLE DRIVE

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10 MELVILLE DRIVE, 7701 - Barrhaven - Pheasant Run, Ottawa

Price
$1,399,000
Bedrooms
10
Bathrooms
5
Size
Type
House
Ownership
Freehold
Year built

Listing courtesy of AVENUE NORTH REALTY INC.

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, 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. Expected completion date is November 2026. STILL UNDER CONSTRUCTION. Gas and Hydro is separately metered, builder can also separate water meters. Listing price reflective of HST rebate. (id:66700)

Location

7701 - Barrhaven - Pheasant Run, Ottawa

Estimate your payment

A rough monthly cost for this home — adjust the numbers to fit your situation.

$
$279,800 · 20%
%
yr

Estimated monthly payment

$6,503

or $3,251 bi-weekly

Mortgage amount
$1,119,200
Total interest
$831,686

Estimate only. Canadian rates compound semi-annually; figures exclude property tax, condo fees, and insurance. Confirm with your lender or mortgage broker.

Listing courtesy of AVENUE NORTH REALTY INC.

Listing data last updated July 27, 2026.

Information is deemed reliable but not guaranteed and should be independently verified. Listing data is provided for personal, non-commercial use only and may not be redistributed, scraped, or used for any other purpose. Listing data is provided by the Canadian Real Estate Association’s DDF® (REALTOR.ca Data Distribution Facility). The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies the REALTOR.ca Data Distribution Facility (DDF®).