395 Pine Street, Gananoque, ON
Property Highlights
Welcome to this remarkable 3-Storey multiplex located in the coveted neighborhood of Gananoque. Expertly crafted featuring premium concrete block construction, this residence presents an exceptional opportunity offered at $1,225,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 14 Bedrooms and 6 Bathrooms with 8 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 101.33 x 133.16 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Water Heater Owned
- Efficient radiant heating via gas
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.
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Property Summary
This multiplex located at 395 Pine Street, Gananoque is currently for sale and has been available on SousaSells for 60 days. This property is listed at $1,225,000 with an estimated mortgage of $4,078* per month. It has 14 beds, 6 bathrooms, and is 3500-5000 square feet. 395 Pine Street, Gananoque is in the Gananoque neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 14 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in Gananoque, Gananoque.
- •14 spacious bedroom layout offering versatile living space
- •6 well-appointed bathrooms
- •3500-5000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Gananoque, Gananoque.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Water Heater Owned
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 395 Pine Street, Gananoque, ON
Q.What is the asking price for 395 Pine Street, Gananoque, ON ?
The current listing price for 395 Pine Street, Gananoque, ON in Gananoque, Gananoque is $1,225,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 14 bedrooms and 6 bathrooms across approximately 3500-5000 sqft.
Q.What property type and architectural style is 395 Pine Street, Gananoque, ON ?
395 Pine Street, Gananoque, ON is a Multiplex (3-Storey) featuring a Apartment basement.
Q.What interior features are included in this home?
Interior highlights include: Water Heater Owned.
Q.Is parking available at this property?
Yes, this property offers parking space for 6.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Gananoque, Gananoque
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 395 Pine Street E, Gananoque, ON K7G 1E2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Gananoque, ON
For a property listed at $1,225,000 in Gananoque, the legal minimum down payment is $245,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $20,975 for this transaction. As this listing is in Gananoque (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $20,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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