1608 Prince Of Wales Drive, Mooneys Bay - Carleton Heights and Area

$869,900
1608 Prince Of Wales Drive

$869,900

New
9d
Detached2-Storey

1608 Prince Of Wales Drive, Mooneys Bay - Carleton Heights and Area

Total Monthly Obligation $4,379

Beds
3
Baths
4
Park
4
Sqft
1500-2000
DOM
9d
Score
18
Yield
4.9%
Cash on Cash
-3.4%
Cap Rate
3.9%
5Y IRR
12.9%
10Y IRR
12.5%
Property Type-Detached
MLS® Number-X14031014
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-59.1 × 193.9 ft
Listed on site-Oct 14, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,939 (2026)
Parking-5 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-4703 - Carleton Heights
Title-Residential Freehold

No agent assigned

Beautifully renovated and lovingly maintained, this 3+1 bedroom, 4 bathroom home sits on an impressive approx. 59' x 194' lot in established Carleton Heights, offering an exceptional combination of space, character, versatility and future potential! The inviting main level features hardwood flooring, a spacious living room and separate home office with built-in shelving. At the heart of the home is the fully remodelled custom kitchen (2019), showcasing rich wood cabinetry, quartz countertops, stainless steel appliances and an oversized centre island! Open to the window-wrapped dining room, this sun-filled space enjoys beautiful west-facing afternoon light and views of the exceptionally double-deep backyard. Outside, enjoy incredible space for entertaining, gardening and play, complemented by a large multi-level deck and additional storage. An impressive detached accessory building offers the potential for a fantastic executive office, gym, yoga/art studio or backyard retreat. The finished lower level adds a recreation room, additional full bathroom. Beyond its appeal as a wonderful family home, the substantial lot and N2 zoning offer exciting future redevelopment/intensification potential for homeowners, investors and builders alike (buyer to verify). Minutes to Hog's Back Park, Mooney's Bay, Carleton University, schools, shopping, transit and major routes. Updates: Kitchen (2019), furnace & A/C (2022), roof (2013), HWT (2017) & finished basement (2010). Full inspection on file! Book your showing today!

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$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$695,920
Land Transfer Taxes$13,873
Legal Fees (Est.)
$
Total cash required for closing$189,353

Total Monthly Obligation

$4,379/mo
Mortgage $3,509
Monthly Loss $3,455
Principal$923
Interest$2,586
Property Tax$495
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.8%1
5-Year IRR
9.5%32
10-Year IRR
10.2%
Returns Index
17.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$42,228/yr
NOI
$27,566/yr
Net Cash Flow
-$1,212/mo
Cash Margin
-34.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo34
Risk Index
20.4/ 100

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

Comparables

Properties near 1608 Prince Of Wales Drive

Time

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