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:47421)
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Detailed Information
Bedrooms
10
Bathrooms
5
Lot
29.08 x 120 ft
Amenities Nearby
Park, Schools, Public Transit
Community Features
School Bus
Equipment
Water Heater, Water Heater - Tankless
Features
Lighting, Carpet Free
Listing Contract Date
2025-12-02
Location Description
Cross Streets: Jockvale & Fable. ** Directions: Jockvale Rd, left onto Fable St, left onto Melville.
Ownership Type
Freehold
# of Parking Spaces
3
Property Type
Single Family
Rental Equipment
Water Heater, Water Heater - Tankless
Transaction Type
For sale
Building
Age
New building
Amenities
Separate Heating Controls, Separate Electricity Meters
Appliances
Garage door opener remote(s), Dishwasher, Dryer, Stove, Washer, Refrigerator
Basement Type
None
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Exterior Finish
Stone, Steel
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
3
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bedroom 4
Second level
Measurements not available
Bathroom
Second level
Measurements not available
Bathroom
Second level
Measurements not available
Utility room
Second level
Measurements not available
Kitchen
Second level
Measurements not available
Bedroom
Second level
Measurements not available
Bedroom 2
Second level
Measurements not available
Bedroom 3
Second level
Measurements not available
Kitchen
Third level
Measurements not available
Bedroom
Third level
Measurements not available
Bedroom 2
Third level
Measurements not available
Bedroom 3
Third level
Measurements not available
Bedroom 4
Third level
Measurements not available
Bathroom
Third level
Measurements not available
Bathroom
Third level
Measurements not available
Utility room
Third level
Measurements not available
Foyer
Main level
Measurements not available
Kitchen
Main level
Measurements not available
Bedroom
Main level
Measurements not available
Bedroom 2
Main level
Measurements not available
Bathroom
Main level
Measurements not available
Utility room
Main level
Measurements not available
Parking Spaces
Name
Spaces
Attached Garage
Garage
Land
Total Size
29.1 x 120 FT
Amenities
Park, Schools, Public Transit
Landscape Features
Landscaped
Sewer
Sanitary sewer
Size of Irregular Land
29.1 x 120 FT
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