573 Armstrong Road 217, Kingston

$289,000
573 Armstrong Road 217

$289,000

New
22d
Common Element Condo1 Storey/Apt

573 Armstrong Road 217, Kingston

Total Monthly Obligation $2,007

HausQ Valuation Report
Beds
3
Baths
2
Park
1
Sqft
800-899
DOM
22d
Score
21
Yield
7.0%
Cash on Cash
-2.9%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Common Element Condo
MLS® Number-X13851504
Beds-3
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 1, 2026
Style-1 Storey/Apt
Building Type-Common Element Condo
Age-51-99
Taxes-$2,791.7 (2026)
Maintenance-$408.87/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Roof-Unknown
Foundation-Unknown
Possession-TBD
Neighbourhood-35 - East Gardiners Rd
Title-Residential Condo & Other

No agent assigned

Welcome to Meadowbrook Condos! This is a rare find. Unit 217 has 3 bedrooms and 2 full bathrooms. Lots of space in a great central location close to many amenities like schools, shopping, restaurants, steps to public transit, park, Marshlands Conservation Area with walking trails. This unit is affordable and in a well maintained building with lovely landscaped gardens. There is a dedicated parking spot and laundry in the building.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$231,200
Land Transfer Taxes$2,810
Legal Fees (Est.)
$
Total cash required for closing$62,110

Total Monthly Obligation

$2,007/mo
Mortgage $1,166
Monthly Loss $1,700
Principal$307
Interest$859
Property Tax$233
Condo Fees$409
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.3%1
5-Year IRR
8.7%27
10-Year IRR
9.8%
Returns Index
14.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$20,352/yr
NOI
$8,219/yr
Net Cash Flow
-$481/mo
Cash Margin
-28.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
4.8 mo81
Risk Index
35.1/ 100

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

Comparables

Properties near 573 Armstrong Road 217

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.