395 Pine Street E, Gananoque. More Photos

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    For Sale - 395 Pine Street, Gananoque, Ontario

    Est payment $5,882/mo
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    Views   2
    Time on Jump  53 day

    AI Summary *

    • Well-maintained 6-plex in a prime location for investment.
    • Currently five units occupied, generating immediate rental income.
    • Vacant unit available, offering potential for increased cash flow.
    • Strong financial performance with low average vacancy rate.
    • Recent upgrades minimize future maintenance costs and enhance value.




    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 IDX13509382
    Address395 Pine Street
    CityGananoque, Ontario
    Price$1,225,000
    Bed / Bath14 / 6 Full
    Style3-Storey, Multiplex
    ConstructionConcrete Block
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Water Heater OwnedOwnership FreeholdWaterfront NoneBasement ApartmentFoundation ConcreteHeating / Cooling RadiantHeating Fuel GasSewer Sewer

    Parking 6.00
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    Listing Agency:  CENTURY 21 SYNERGY REALTY INC

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    395 Pine Street
    Gananoque , Ontario
    14 6 $1,225,000
    Get more info