395 Pine Street E, Gananoque, ON K7G 1E2
Gananoque
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 395 Pine Street E, Gananoque, ON K7G 1E2
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MLS# X13509382
Listed by CENTURY 21 SYNERGY REALTY INC
On market since Jul 1, 2026
395 Pine Street E, Gananoque, ON K7G 1E2 is listed for $1,225,000 CAD.
395 Pine Street E, Gananoque, ON K7G 1E2 has 14 bedrooms and 6 bathrooms.
395 Pine Street E, Gananoque, ON K7G 1E2 is a Multiplex.
395 Pine Street E, Gananoque, ON K7G 1E2 is in Gananoque, Ontario.
395 Pine Street E, Gananoque, ON K7G 1E2 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 395 Pine Street E, Gananoque, ON K7G 1E2 (MLS# X13509382). You can also send a message through the contact form on this site.
