395 Pine Street E Gananoque, ON K7G 1E2
Listing Courtesy of: PropTX / Listed By: Century 21 Synergy Realty Inc / Century 21 Synergy Realty Inc. Brokerage

  395 Pine Street E Gananoque, ON K7G 1E2

Active (52 Days)
$1,225,000 (CAD)
14
BED
6
BATH
3500-5000
SQFT
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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.

MLS®:
X13509382
Taxes
$5,664(2025)
Type
Multifamily
Style
3-Storey
County
Leeds and Grenville United Counties
Community
05 - Gananoque

Listed By

Century 21 Synergy Realty Inc
Curtis Murphy, Century 21 Synergy Realty Inc. Brokerage
Source
PropTX
Last checked Aug 22 2026 at 3:28 AM EDT
Bathroom Details
Interior Features
  • Water Heater Owned
Property Features
  • Foundation: Concrete
Heating and Cooling
  • Radiant
  • None
Basement Information
  • Apartment
Pool Information
  • None
Exterior Features
  • Concrete Block
  • Roof: Asphalt Shingle
Utility Information
  • Utilities: Municipal
  • Sewer: Sewer
  • Fuel: Gas
  • Energy: Energy Certificate: No
Garage
  • None
Parking
  • Private
  • Available
Stories
  • 3
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CENTURY 21 Synergy Realty Inc. Brokerage

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444 Hazeldean Rd, Ottawa, ON K2L1V2

(613) 317-2121

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