2009 Killarney Drive, McKellar Heights - Glabar Park and Area

$1,099,900
2009 Killarney Drive

$1,099,900

New
91d
DetachedBungalow

2009 Killarney Drive, McKellar Heights - Glabar Park and Area

Total Monthly Obligation $5,429

Beds
4
Baths
3
Park
4
Sqft
1500-2000
DOM
91d
Score
17
Yield
4.4%
Cash on Cash
-5.1%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Detached
MLS® Number-X13603456
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-83 × 90.77 ft
Listed on site-Jul 24, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$7,404 (2026)
Parking-6 - Attached
Basement-Finished, Full, Development Potential
Heating-Forced Air (Electric)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Electric
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flex/TBD
Neighbourhood-5201 - McKellar Heights/Glabar Park
Title-Residential Freehold

No agent assigned

Welcome to this exceptional custom-built bungalow in sought-after McKellar Heights, backing directly onto a city park with no rear neighbours. Built with quality and craftsmanship rarely found today, this meticulously maintained residence showcases premium construction methods and materials where the original builder spared no expense. Thoughtfully updated over the years while preserving its solid character and integrity, this home offers outstanding comfort and functionality throughout. Gleaming hardwood and ceramic flooring extend throughout the entire home with absolutely no carpeting. The bright and spacious living and dining areas feature a stunning gas fireplace with custom stone/granite hearth, creating an elegant focal point beside a large picture window overlooking the front yard. The beautifully updated open-concept kitchen offers solid wood cabinetry, granite countertops, undermount sinks, abundant workspace and excellent flow for everyday living and entertaining. Enjoy peaceful backyard views from the sun-filled solarium overlooking the private cedar-hedged yard and raised deck. The main floor offers generously sized bedrooms including a primary bedroom with extensively renovated ensuite, while 3 full bathrooms have been beautifully updated and feature heated tile floors. The professionally finished lower level presents excellent flexibility for extended family, guests, or future in-law potential with two additional bedrooms, family room, bathroom, extensive storage space and cold storage room. Heated floors throughout the basement create exceptional comfort, complemented by radiant boiler heating, and an optional electric furnace system and central air conditioning for year-round enjoyment. Quality Pella windows throughout maintain the charm of the original home architecture. Large double garage ready for pre-wired for EV capability. Ideally located near Carlingwood, Westboro, schools, parks, shopping and convenient Highway 417 access.

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

Closing Costs

Mortgage Amount
$879,920
Land Transfer Taxes$18,473
Legal Fees (Est.)
$
Total cash required for closing$239,953

Total Monthly Obligation

$5,429/mo
Mortgage $4,437
Monthly Loss $4,261
Principal$1,168
Interest$3,269
Property Tax$617
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-9.0%1
5-Year IRR
8.5%26
10-Year IRR
9.4%
Returns Index
14.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$48,840/yr
NOI
$32,052/yr
Net Cash Flow
-$1,766/mo
Cash Margin
-43.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo27
Risk Index
17.5/ 100

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

Comparables

Properties near 2009 Killarney Drive

Time

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