238 Island Park Drive, Westboro - Hampton Park

$1,399,000
238 Island Park Drive

$1,399,000

New
4d
Detached2-Storey

238 Island Park Drive, Westboro - Hampton Park

Total Monthly Obligation $6,802

Beds
4
Baths
2
Park
5
Sqft
2000-2500
DOM
4d
Score
14
Yield
2.8%
Cash on Cash
-12.1%
Cap Rate
2.0%
5Y IRR
6.1%
10Y IRR
7.3%
Property Type-Detached
MLS® Number-X14093432
Beds-4
Bathrooms-2
Size-2000-2500 sqft
Lot Size-60.1 × 123.6 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Detached
Taxes-$9,400 (2026)
Parking-6 - Attached
Basement-Unfinished
Heating-Forced Air (Electric)
Brokerage-ROYAL LEPAGE PERFORMANCE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-West
Exterior-Stone, Aluminum Siding
Roof-Membrane
Foundation-Concrete Block
Sewer-Sewer
Possession-TBD
Neighbourhood-5001 - Westboro North
Title-Residential Freehold

No agent assigned

Welcome to this exceptional two-storey character home on scenic Island Park Drive, where timeless elegance meets modern luxury. This remarkable 4-bedroom plus office, 2-bathroom residence with two fireplaces has been thoughtfully transformed, blending original architectural charm with today's most desirable upgrades in one of Ottawa's most sought-after neighbourhoods. Inside, beautifully refinished oak hardwood floors, classic mouldings and elegant architectural details complement a bright, sophisticated interior ideal for family living and entertaining. The spectacular custom Laurysen kitchen is the heart of the home, featuring abundant cabinetry, spacious pantry, stunning quartz countertops and backsplash, premium finishes and exceptional craftsmanship, with a layout that flows seamlessly into the principal living spaces and backyard patio deck. The beautifully appointed bathrooms with radiant floor heating offer spa-inspired elegance with luxurious tile work, quality fixtures and timeless finishes. Every major mechanical system has been upgraded for comfort, efficiency and peace of mind, including a Mitsubishi Zuba high-efficiency heat pump with central air conditioning, backup furnace, all-new forced-air ductwork, upgraded 200-amp electrical service, new insulation for a high-performance exterior building envelope. The exterior also features premium aluminum siding, new membrane roofing, custom energy-efficient windows and doors, professional landscaping with drivable interlock and paved driveway with parking for several vehicles, while preserving the home's timeless character and curb appeal. Ideally located just minutes from vibrant Westboro Village, the Ottawa River, scenic walking and cycling paths, parks, cafés, restaurants and boutique shopping, this home offers an exceptional lifestyle . A rare opportunity to enjoy historic character with modern luxury, efficiency and peace of mind. Completely redone in 2025-2026, simply move in and enjoy.

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

Closing Costs

Mortgage Amount
$1,119,200
Land Transfer Taxes$24,455
Legal Fees (Est.)
$
Total cash required for closing$305,755

Total Monthly Obligation

$6,802/mo
Mortgage $5,643
Monthly Loss $5,317
Principal$1,485
Interest$4,158
Property Tax$783
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.2%0
5-Year IRR
3.7%8
10-Year IRR
5.8%
Returns Index
5.1/ 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
$39,852/yr
NOI
$21,967/yr
Net Cash Flow
-$3,813/mo
Cash Margin
-114.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.322
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
14.3/ 100

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

Comparables

Properties near 238 Island Park Drive

Time

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