217 Thames Street S 406, Ingersoll

$349,900
217 Thames Street S 406

$349,900

New
17d
Condo Apartment1 Storey/Apt

217 Thames Street S 406, Ingersoll

Total Monthly Obligation $2,167

Beds
1
Baths
1
Park
1
Sqft
1000-1199
DOM
17d
Score
22
Yield
6.5%
Cash on Cash
-1.6%
Cap Rate
4.2%
5Y IRR
14.3%
10Y IRR
13.6%
Property Type-Condo Apartment
MLS® Number-X13869292
Beds-1
Bathrooms-1
Size-1000-1199 sqft
Listed on site-Oct 6, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-31-50
Taxes-$2,552 (2026)
Maintenance-$343.12/mo
Locker-Exclusive
Parking-1 - None
Basement-None
Heating-Forced Air (Electric)
Brokerage-RE/MAX a-b Realty Ltd Brokerage
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-Ingersoll - South
Title-Residential Condo & Other

No agent assigned

Welcome to this lovely one bedroom condominium ideally suited for those looking for a comfortable, low maintenance lifestyle. This well appointed unit offers bright and inviting combination living/dining room with patio doors to your private balcony where you can enjoy beautiful south-west facing views overlooking mature trees. The afternoon sun makes this the perfect spot to sit back, relax and enjoy the scenery. The galley-style kitchen offers plenty of functionality and even has room for a small table...no dull cooking time here as the kitchen window also overlooks the balcony making it an ideal bright area for cooking, and fresh air can come in when you get a little too cozy. A convenient storage/laundry room features a stackable washer and dryer, while this room is large enough to accommodate additional storage, and perhaps even a freezer. The spacious bedroom is perfect place to wake and enjoy the view as there is another set of patio doors leading to balcony for you to enjoy your morning coffee. The 3-piece bathroom with an easy access shower can already aleviate some safety concerns from accessing a tub/shower combination. The building itself is very well maintained and features a controlled entrance, a welcoming common sitting area, a storage locker room with one locker included, garbage and recycling room, and a common entertaining room suitable for larger gatherings or entertaining family and friends, upon availability. Enjoy the convenience of being within walking distance to downtown, the Hospital, Community Complex, and an easy commute (within minutes)to the 401. A wonderful opportunity for those looking to simpify without giving up comfort, convenience, or beautiful views...you can also enjoy the safety of your 4th floor balcony any time of the day or night. Does this sound like an ideal next step!? Quick possession available. All Meas. approx.

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

Closing Costs

Mortgage Amount
$279,920
Land Transfer Taxes$3,724
Legal Fees (Est.)
$
Total cash required for closing$75,204

Total Monthly Obligation

$2,167/mo
Mortgage $1,411
Monthly Loss $1,796
Principal$371
Interest$1,040
Property Tax$213
Condo Fees$343
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
10.1%36
10-Year IRR
10.8%
Returns Index
19.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$22,800/yr
NOI
$11,451/yr
Net Cash Flow
-$457/mo
Cash Margin
-24.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
4.4 mo76
Risk Index
34.4/ 100

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

Comparables

Properties near 217 Thames Street S 406

Time

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