395 Pine St E, Gananoque, Ontario

Multi-Family for Sale in Gananoque

395 Pine St E, Gananoque, ON

  • CA$1,225,000
  • 11+3 BEDS
  • 6 BATHS
  • CA$1,225,000

Multi-Family for Sale in Gananoque

395 Pine St E, Gananoque, ON

  • CA$1,225,000
  • 11+3 BEDS
  • 6 BATHS
  • CA$1,225,000

Key Facts

  • MLS® #: X13509382
  • Property ID: SIRC3470021
  • Property Type: Residential, Multiplex
  • Interior Area¹: 3500-5000 sq.ft.
  • Lot Size¹: 101.33x133.16 ft.
  • Bedrooms: 11+3
  • Bathrooms: 6
  • Approximate Age: 51-99 years
  • Parking Spaces: 6
  • Listed By:
  • CENTURY 21 SYNERGY REALTY INC

Property Description

This well-maintained 6-plex presents an outstanding investment opportunity in the heart of Gananoque. Built in 1956 and situated on a large R2-zoned lot, the property offers excellent long-term value with a private parking lot at the rear for tenant convenience. Currently, five of the six units are occupied, providing immediate and stable rental income, while the sixth unit is vacant and available for July 1 occupancy, offering potential for increased cash flow through market rent. Ideally located close to schools, grocery stores, and other local amenities, the property remains highly attractive to tenants seeking convenience and accessibility. The building has demonstrated exceptional rental stability, maintaining an average vacancy rate of just 3.5% over the past five years, reflecting strong tenant demand in the area. Generating a strong Net Operating Income of more than $85,000, this property is a turnkey addition to any investment portfolio. Major capital improvements have already been completed, including new windows in 2016, a roof replacement in 2021, and a new furnace in 2024, helping to minimize future maintenance costs. With strong financial performance, proven occupancy, quality upgrades, ample parking, and a desirable location, this is a rare opportunity to acquire a solid multifamily asset in one of Eastern Ontario's most sought-after communities.

Listing Agents

CENTURY 21 SYNERGY REALTY INC

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Location

395 Pine St E, Gananoque, Ontario, K7G 1E2 Canada

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¹The value refers to the total area of living space within a residential structure or the property lot size. All information regarding lot or house size is deemed reliable but not guaranteed and must be verified by the purchaser. Measurement definitions may vary by region.
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