For Sale: 395 Pine Street E, Gananoque, ON - REW
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$1,225,000
14 bd • 6 ba • 3500 - 4999 sf • Multifamily
395 Pine Street E
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$1,225,000
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395 Pine Street EGananoque, ON, K7G 1E2

  • 14 Bed
  • 6 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: Brad MacNeil, Salesperson, CENTURY 21 SYNERGY REALTY INC

Home facts and features

Price details
List Price
$1,225,000
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Gross Taxes for 2025
$5,664
Home facts
Bedrooms
14
Full Bathrooms
6
Parking Spaces
6
Parking Details
No Garage
Property Type
Multifamily
Depth
133.2 feet
Frontage
101.3 feet
Exterior Finish
Concrete Block
Heating Type
Radiant heat, Natural gas
Basement Details
Apartment in basement,
Appliances
Dryer, Oven, Refrigerator, Stove, Washer, Water Heater
Agent details
Primary Agent
Brad MacNeil
Primary Broker
CENTURY 21 SYNERGY REALTY INC
Secondary Agent
Curtis Murphy
Secondary Broker
CENTURY 21 SYNERGY REALTY INC
Listing details
Days on REW
13 Days
MLS® Number
X13509382
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

Gananoque Secondary School
  • Public
  • 7 - 12
St Joseph's School
  • Catholic
  • JK - 8
Linklater Public School
  • Public
  • JK - 6
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      Call Agent
      Salesperson
      Brad MacNeil
      Phone:
      (613) 880-5743
      Office:
      613-317-2121
      Salesperson
      Curtis Murphy
      Phone:
      (613) 875-8400
      Office:
      613-317-2121
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      By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.