395 Pine Street
Gananoque, ON
- 14 bed
- 6 bath
- approx. 3500-5000 sqft
- Multiplex
- 70 days on market
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.
Listing Details
- Taxes (2025)
- $5,664
- Listed
- June 30, 2026
Price History
Property
- Style
- 3-Storey
- Age
- 51-99
- Construction
- Concrete Block
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- Water Heater Owned
- Lot Size
- 101.33 x 133.16 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- James Street S
- Zoning
- Residential - R2
- Parcel Number
- 442440030
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- 6 fridges, 6 stoves/ovens, 1 washer, 1 dryer, 6 hot water tanks.
- Exclusions
- Tenants Belongings
Schools
Elementary
- Gananoque Intermediate School0.2 km
Public · Upper Canada DSB · 130 students
- St Joseph's Separate School0.6 km
Catholic · CDSB of Eastern Ontario · 290 students
Grade 3 reading: 85% met the provincial standard · Grade 6 math: 57% met the provincial standard
- Linklater Public School0.8 km
Public · Upper Canada DSB · 160 students
Grade 3 reading: 86% met the provincial standard · Grade 6 math: 48% met the provincial standard
Secondary
- Gananoque Secondary School0.3 km
Public · Upper Canada DSB · 335 students
Grade 10 literacy: 89% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K7G
- Population
- 8,740
- Private dwellings
- 4,305
- Median age
- 54.4
- Average household size
- 2.2
- Median household income
- $77,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Gananoque · last 12 months
- Median sold price
- $481,500
- Homes sold
- 93
- Median days on market
- 34
- Sale-to-list price
- 96.5%
Based on 93 recorded sales of residential freehold properties in Gananoque over the last 12 months.
Listed by
CENTURY 21 SYNERGY REALTY INC
Walk Score
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Location
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Mortgage Calculator
$245,000
Estimated Monthly Payment
$6,018
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,018/mo (20% down, 5.5%)
Taxes: $472/mo · Insurance: $306/mo
Estimates only. Consult a financial advisor.
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