16 MELVILLE Drive, Barrhaven

$990,000
16 MELVILLE Drive

$990,000

New
43d
Detached3-Storey

16 MELVILLE Drive, Barrhaven

Total Monthly Obligation $5,011

Beds
5
Baths
4
Park
2
Sqft
2000-2500
DOM
43d
Score
16
Yield
4.1%
Cash on Cash
-7.2%
Cap Rate
3.0%
5Y IRR
9.9%
10Y IRR
10.2%
Property Type-Detached
MLS® Number-X13768442
Beds-5
Bathrooms-4
Size-2000-2500 sqft
Lot Size-29.1 × 120.01 ft
Listed on site-Sep 10, 2026
Style-3-Storey
Building Type-Detached
Taxes-$7,709 (2026)
Parking-3 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Stucco (Plaster), Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-60-89 days
Neighbourhood-7701 - Barrhaven - Pheasant Run
Title-Residential Freehold

No agent assigned

Located at 16 Melville in Barrhaven, this 2022-built home offers a luxurious living experience with high-end finishes and a spacious, modern layout throughout. You'll notice the craftsmanship the moment you walk in. Hardwood flooring, large windows, and glass railings carrying a sleek, contemporary feel through every room. At the front of the home, a formal living room and dining room offer space for entertaining. At the back, the kitchen, eating area, and family room overlook the backyard, keeping everyday life connected and open. The kitchen is a chef's delight, with stainless steel appliances, quartz countertops, ample cabinet space, and a large center island. A natural gathering spot for family and guests. The family room offers a fireplace and large windows for everyday comfort, with access to a large deck overlooking the backyard - Perfect for morning coffee or evening dinners outside. The primary bedroom is a true retreat with a spacious walk-in closet featuring custom built-ins and a luxurious ensuite. The ensuite features a double vanity, soaking tub, and a separate glass-enclosed shower. Three more generously sized bedrooms share a beautifully appointed full bathroom, giving the whole family plenty of room to spread out. Laundry is conveniently located on the second level for everyday ease. The walkout basement adds a fifth bedroom and full bathroom, ideal for aging parents or an adult child who wants their own space. A valuable feature for multigenerational or growing families. This Barrhaven location puts you in the middle of it all. The Strandherd Corridor is just minutes away and it's a short commute to the Costco and Highway 416. Walking trails connect the neighbourhood and are great for biking, walking, or running. Transit is conveniently located nearby. This home truly has it all!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$792,000
Land Transfer Taxes$16,275
Legal Fees (Est.)
$
Total cash required for closing$215,775

Total Monthly Obligation

$5,011/mo
Mortgage $3,993
Monthly Loss $3,960
Principal$1,051
Interest$2,943
Property Tax$642
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.1%1
5-Year IRR
6.9%18
10-Year IRR
8.2%
Returns Index
10.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$40,476/yr
NOI
$24,219/yr
Net Cash Flow
-$1,975/mo
Cash Margin
-58.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo30
Risk Index
17.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 16 MELVILLE Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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