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:37684)
Property Details
MLS® Number
X12595688
Property Type
Single Family
Community Name
7701 - Barrhaven - Pheasant Run
Amenities Near By
Park, Schools, Public Transit
Community Features
School Bus
Equipment Type
Water Heater, Water Heater - Tankless
Features
Lighting, Carpet Free
Parking Space Total
3
Rental Equipment Type
Water Heater, Water Heater - Tankless
Building
Bathroom Total
5
Bedrooms Above Ground
10
Bedrooms Total
10
Age
New Building
Amenities
Separate Heating Controls, Separate Electricity Meters
Appliances
Garage Door Opener Remote(s), Dishwasher, Dryer, Stove, Washer, Refrigerator