395 PINE STREET E, Gananoque
$1,225,000
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 14 bedrooms, 6 bathrooms
- Living area
- 5,000 sqft
- MLS®
- MLS® X13509382
- Neighbourhood
- 05 - 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.
Sold data
Homes in Gananoque — recent sold market
Homes in Gananoque took a median of 36 days to sell over the last 365 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 57, across 88 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 57 days.
The median sale price was $489,450.
Homes sold for about 3.0% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 25% of sellers reduced their price before finding a buyer.
- Median days to sell
- 36
- Median sale price
- $489,450
- Sale-to-list ratio
- 97.0%
- Sold above asking
- 10%
Based on 88 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Gananoque
Gananoque has 3 Fraser Institute–rated schools (2 elementary and 1 secondary), averaging 6.9/10.
- Rated schools
- 3
- Elementary
- 2
- Secondary
- 1
- Average rating
- 6.9 / 10
Top-rated schools in Gananoque
- St Joseph's — elementaryFraser rating 7.3/10
- Linklater — elementaryFraser rating 7.1/10
- Gananoque — secondaryFraser rating 6.4/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 395 PINE STREET E
$1,024,900
Multiplex11+163,500–5,000 sqft128 HASKINS POINT ROAD, 824 - Rear of Leeds - Lansdowne Twp, Leeds and the Thousand Islands
$1,424,900
Multiplex1363,000–3,500 sqft71 JOHN STREET E, Bradford, Bradford West Gwillimbury
$1,200,000
Multiplex1163,500–5,000 sqft558 LANSDOWNE DRIVE, Eastdale, Oshawa
$2,100,000
Multiplex963,500–5,000 sqft120 YONGE STREET, 18 - Central City West, Kingston
$1,249,900
Multiplex853,500–5,000 sqft98 PINE STREET, 810 - Brockville, Brockville
$829,900
Multiplex1252,000–2,500 sqft72-74 PARK STREET, 810 - Brockville, Brockville
$1,995,000
Multiplex10+263,500–5,000 sqft824 KIRKWOOD AVENUE, 5301 - Carlington, Ottawa
$1,799,900
Multiplex963,500–5,000 sqft550 GUY STREET, 3502 - Overbrook/Castle Heights, Ottawa