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.
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
3-Storey
Approx. Age:
51-99
Total Approx Floor Area:
3500-5000
Lot Depth:
133'2"40.6 m
Lot Frontage:
101'4"30.9 m
Direction Faces:
South
Bedrooms:
9+3
Bathrooms:
6.0
Water supply:
Municipal
Kitchens:
8
Kitchens in Basement:
2
Bedrooms Above Grade:
9
Bedrooms Below Grade:
3
Kitchens Above Grade:
6
Rooms Above Grade:
29
Rooms Below Grade:
9
Zoning:
Residential - R2
Heating type:
Radiant
Heating Fuel:
Gas
Foundation:
Concrete
Roof:
Asphalt Shingle
Basement:
Apartment
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Other Structures:
Additional Garage(s)
Parking Features:
Available, Private
Parking Spaces:
6
Total Parking Spaces:
6.0
Family Room:
No
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Taxes:
$5,664 /
2025
Assessment:
$- /
2025
Leeds and Grenville
Gananoque
05 - Gananoque
Water Heater Owned
6 fridges, 6 stoves/ovens, 1 washer, 1 dryer, 6 hot water tanks.
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