615 Island Park Crescent, Tunneys Pasture and Ottawa West

$2,579,000
615 Island Park Crescent

$2,579,000

New
65d
Detached2-Storey

615 Island Park Crescent, Tunneys Pasture and Ottawa West

Total Monthly Obligation $11,903

HausQ Valuation Report
Beds
4
Baths
4
Park
4
Sqft
2500-3000
DOM
65d
Score
13
Yield
2.0%
Cash on Cash
-14.9%
Cap Rate
1.4%
5Y IRR
4.0%
10Y IRR
5.7%
Property Type-Detached
MLS® Number-X13691204
Beds-4
Bathrooms-4
Size-2500-3000 sqft
Lot Size-59.22 × 33.04 ft
Listed on site-Aug 19, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$13,500 (2025)
Parking-6 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Stone, Vinyl Siding
Roof-Flat
Foundation-Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-4303 - Ottawa West
Title-Residential Freehold

No agent assigned

This modern custom residence rubs elbows with Island Parks finest & was exquisitely constructed and designed by the renowned Jacques Hamel in 2019. Tucked away in a perfect location off of Island Park Drive, one can appreciate the lively and friendly community full of mature trees & offering easy access to all the best local shops, dining, and amenities. In excess of 4,000 sq ft, this home has impeccable finishes, unparalleled quality, and attention to detail. The main floor space is centered around the gourmet kitchen & features top-of-the-line Fisher & Paykel appliances, two large islands, a waterfall glass bar, a handprinted glass backsplash, & exquisite custom Deslaurier cabinetry. If you work from home, enjoy the main floor den with an entry to the outside. The primary suite is in a league of its own with an 11ft 9in ceiling, 2 walk-in closets, and a spa-like ensuite. Truly one of a kind, this is a unique opportunity to own a new home in one of the city's most desirable & established locations.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$2,063,200
Land Transfer Taxes$50,950
Legal Fees (Est.)
$
Total cash required for closing$568,250

Total Monthly Obligation

$11,903/mo
Mortgage $10,403
Monthly Loss $9,165
Principal$2,738
Interest$7,665
Property Tax$1,125
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.1%8
Cash-on-Cash
-17.3%0
5-Year IRR
2.1%5
10-Year IRR
4.5%
Returns Index
3.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
13/ 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
$52,272/yr
NOI
$29,045/yr
Net Cash Flow
-$7,983/mo
Cash Margin
-183.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.232
LTV Ratio
80.0%18
Vacancy Buffer
0.8 mo15
Risk Index
11.6/ 100

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

Comparables

Properties near 615 Island Park Crescent

Time

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