573 Armstrong Road 101, Kingston

$332,500
573 Armstrong Road 101

$332,500

New
15d
Condo ApartmentApartment

573 Armstrong Road 101, Kingston

Total Monthly Obligation $2,120

Beds
2
Baths
1
Park
1
Sqft
800-899
DOM
15d
Score
24
Yield
7.3%
Cash on Cash
1.2%
Cap Rate
4.8%
5Y IRR
16.5%
10Y IRR
15.4%
Property Type-Condo Apartment
MLS® Number-X13875906
Beds-2
Bathrooms-1
Size-800-899 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,184.8 (2026)
Maintenance-$396.77/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-SUTTON GROUP-MASTERS REALTY INC., BROKERAGE
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Possession-Flexible
Neighbourhood-35 - East Gardiners Rd
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 101 at 573 Armstrong Rd. This beautifully upgraded ground-floor corner unit offers comfortable, low-maintenance living in a quiet, meticulously maintained building. With no stairs and convenient ground-level access, this bright 2-bedroom condo is ideal for first-time buyers, downsizers, or investors. The functional open-concept layout features a spacious living and dining area with laminate flooring, updated kitchen with modern cabinetry, new countertops and granite sink, and a private covered patio overlooking beautifully landscaped grounds. The two well-sized bedrooms provide comfortable living space, while the upgraded bathroom features a deep-soak Jacuzzi tub. Additional updates include new light fixtures, switches and receptacles, energy-efficient baseboard heaters and digital thermostats, along with waterproof flooring in the bathroom and in-unit storage area. Enjoy the convenience of same-floor laundry, spacious storage, one designated parking space plus visitor parking, and a pet-friendly, non-smoking building. Ideally located close to shopping, groceries, restaurants, schools, parks, public transit and walking trails at the nearby Marshlands Conservation Area, with easy access to Queen's University and St. Lawrence College.

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

Closing Costs

Mortgage Amount
$266,000
Land Transfer Taxes$3,463
Legal Fees (Est.)
$
Total cash required for closing$71,463

Total Monthly Obligation

$2,120/mo
Mortgage $1,341
Monthly Loss $1,767
Principal$353
Interest$988
Property Tax$182
Condo Fees$397
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.9%2
5-Year IRR
12.0%50
10-Year IRR
12.4%
Returns Index
25.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$24,372/yr
NOI
$12,589/yr
Net Cash Flow
-$292/mo
Cash Margin
-14.4%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
4.5 mo77
Risk Index
36.2/ 100

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

Comparables

Properties near 573 Armstrong Road 101

Time

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