694 ISLAND PARK Drive, Carlington - Central Park

$1,649,900
694 ISLAND PARK Drive

$1,649,900

New
16d
Detached2-Storey

694 ISLAND PARK Drive, Carlington - Central Park

Total Monthly Obligation $8,088

Beds
5
Baths
3
Park
2
Sqft
2000-2500
DOM
16d
Score
16
Yield
4.0%
Cash on Cash
-7.5%
Cap Rate
3.0%
5Y IRR
9.7%
10Y IRR
10.0%
Property Type-Detached
MLS® Number-X13874044
Beds-5
Bathrooms-3
Size-2000-2500 sqft
Lot Size-70.01 × 104.32 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Taxes-$12,687.9 (2026)
Parking-3 - Attached
Basement-Full, Partially Finished, Finished
Heating-Radiant (Gas)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Wall Unit(s)
Laundry-No
Fireplace-Wood, Natural Gas
Pool-None
Facing-South
Exterior-Stone, Other
Roof-Asphalt Shingle
Foundation-Block, Concrete
Sewer-Sewer
Possession-Flexible, Longer Preferred
Neighbourhood-5302 - Carlington
Title-Residential Freehold

No agent assigned

Beautifully updated 5-bedroom, 2.5-bathroom home on a 70' wide lot with no rear neighbours! Great location within the sought-after Elmdale Public School and Nepean High School catchments, on the quiet part of Island Park! All major components of this home have been updated, including electrical panel, heat pumps for efficient heating and cooling, triple pane windows, heating system - please see attachment for full list of updates! Enjoy timeless character with thoughtful modern upgrades and exceptional outdoor living. The bright main level is designed offers two living rooms, a dedicated dining room, a powder room, and a convenient mudroom with access to the attached garage and side entrance. The updated kitchen features an abundance of cabinetry, quartz countertops and a generous island. Oversized patio doors open to a truly remarkable private backyard, with no rear neighbours and rare direct access to a wooded walking path just beyond the gate. The yard features a new cedar fence, beautifully laid interlock, exterior lighting, a built-in gas fire pit, sauna and 8-person hot tub - an exceptional setting for unwinding in complete privacy. The second level offers a spacious primary bedroom with walk-in closet and ensuite bath, four additional well-proportioned bedrooms and an updated main bathroom. A recently refinished basement provides valuable additional living space, generous storage and a comfortable laundry area. An exceptional location just steps from all that Westboro and Civic Hospital have to offer, including shops, cafes, restaurants, parks and recreation!

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

Closing Costs

Mortgage Amount
$1,319,920
Land Transfer Taxes$29,473
Legal Fees (Est.)
$
Total cash required for closing$360,953

Total Monthly Obligation

$8,088/mo
Mortgage $6,655
Monthly Loss $6,336
Principal$1,751
Interest$4,904
Property Tax$1,057
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.8%1
5-Year IRR
7.1%19
10-Year IRR
8.3%
Returns Index
10.7/ 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
$65,316/yr
NOI
$41,596/yr
Net Cash Flow
-$3,189/mo
Cash Margin
-58.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
1.2 mo19
Risk Index
14.2/ 100

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

Comparables

Properties near 694 ISLAND PARK Drive

Time

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