10 MELVILLE DRIVE

$1,449,000

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Multi-family
$1,449,000
10 Bedrooms
5 Bathrooms
3 Parking Spaces

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. (id:13118)

Essential Information

Price:
$1,449,000 
Year Built:
-
Total Bedrooms:
10
Total Bathrooms:
5
Half Baths:
-
Property Type:
Multi-family
Basement:
-
Transaction:
For sale

Property Specifications

Parking Spaces:
3
Maintenance Fees:
 
Heating:
Forced air
Cooling:
Central air conditioning
Fireplace Type:
-

Listing Details

Last Updated:
Jun 27, 2025 
Listing Office:
AVENUE NORTH REALTY INC.