509 Island Park Drive, Tunneys Pasture and Ottawa West

$1,799,000
509 Island Park Drive

$1,799,000

New
37d
Detached2-Storey

509 Island Park Drive, Tunneys Pasture and Ottawa West

Total Monthly Obligation $8,548

Beds
3
Baths
4
Park
3
Sqft
2000-2500
DOM
37d
Score
14
Yield
2.5%
Cash on Cash
-13.1%
Cap Rate
1.8%
5Y IRR
5.4%
10Y IRR
6.7%
Property Type-Detached
MLS® Number-X13790542
Beds-3
Bathrooms-4
Size-2000-2500 sqft
Lot Size-50 × 110 ft
Listed on site-Sep 16, 2026
Style-2-Storey
Building Type-Detached
Taxes-$10,995.98 (2026)
Parking-4 - Detached
Basement-Full, Unfinished
Heating-Radiant (Other)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Owner-Occupied
Neighbourhood-4303 - Ottawa West
Title-Residential Freehold

No agent assigned

Set on Wellington Village's tree-lined streetscape, directly across from Hampton Park, this iconic Tudor residence is one of the most recognizable homes on Island Park Drive. Southern exposure fills the home with natural light, while expansive park views enhance its distinctive character. Thoughtfully updated with premium finishes, including Restoration Hardware fixtures, it blends timeless architecture with refined contemporary comfort. The main level features hardwood floors, graceful arched openings, crown mouldings and large windows, with a living room anchored by a striking white brick fireplace. The bespoke kitchen offers custom white shaker cabinetry, stone countertops, marble herringbone backsplash, premium chef-quality appliances, a generous peninsula and a built-in Jenn-Air coffee machine. A bright breakfast area with French doors opens to the backyard. Upstairs, the spacious primary suite offers abundant storage and a beautifully renovated ensuite with chevron-patterned Carrara marble flooring and countertops, a double vanity and an expansive glass shower. An additional bathroom also features Carrara marble. Bright secondary bedrooms offer flexible space for family, guests or a home office, including one with a balcony overlooking the yard. Mature trees and established gardens frame a private backyard with a broad lawn and raised deck with natural-gas BBQ hookup. YOU CAN AVOID ISLAND PARK TRAFFIC BECAUSE THIS HOME HAS A BACK LANE WITH YEAR-ROUND ACCESS TO A DETACHED GARAGE. The setting is ideal for families, with Hampton Park directly across the street, perfect for walking the dog, enjoying time with young children or taking a leisurely stroll. Elmdale Public School is just a short walk away, while the shops, cafés and restaurants of Wellington West and Westboro are close by.

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$1,439,200
Land Transfer Taxes$32,455
Legal Fees (Est.)
$
Total cash required for closing$393,755

Total Monthly Obligation

$8,548/mo
Mortgage $7,257
Monthly Loss $6,638
Principal$1,910
Interest$5,347
Property Tax$916
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.4%9
Cash-on-Cash
-15.9%0
5-Year IRR
3.1%7
10-Year IRR
5.3%
Returns Index
4.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$45,576/yr
NOI
$25,522/yr
Net Cash Flow
-$5,130/mo
Cash Margin
-135.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.292
LTV Ratio
80.0%18
Vacancy Buffer
1.1 mo18
Risk Index
12.9/ 100

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

Comparables

Properties near 509 Island Park Drive

Time

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