10 MELVILLE DRIVE

Key facts

• Property type: Single Family
• Structure: House
• Transaction: For Sale
• Price: class="container" id="details-container",449,000
• Bedrooms: 10
• Bathrooms: 5
• Lot size: 29.1 x 120 FT
• Parking: 3
• Listing key: 29156614

Listing overview

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 ma...