10 Melville Drive

Description

Introducing a brand-new, LEGAL triplex that offers three above-grade 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 February 2026. STILL UNDER CONSTRUCTION.

This triplex home located at 10 Melville Drive, Barrhaven, ON K2J 2E9 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$1M. It has 10 beds, 5 bathrooms, and is 3000-3500 square feet. The property is N/A years old. 10 Melville Drive, Barrhaven, ON K2J 2E9 is in Barrhaven neighborhood 7701 - Barrhaven - Pheasant Run.