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Eddy Pybus

edward.pybus@exprealty.com +1(289) 219-4111

Est. payment | -/mo

14 Beds

6 Baths

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Est. payment | -/mo

Save

14 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 05 - Gananoque

MLS Listing ID X13509382

Style 3-Storey

Bedrooms 14

Annual Tax Amount $5,664

Tax Year 2025

Property Sub-Type Multiplex

Property 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.

Location

Province ON

County Leeds And Grenville

Area Leeds And Grenville

Zoning Residential - R2

Rooms

Family Room No

Basement Apartment

Kitchen 8

Separate Den/Office 3

Interior

Interior Features Water Heater Owned

Cooling None

Inclusions 6 fridges, 6 stoves/ovens, 1 washer, 1 dryer, 6 hot water tanks.

Exterior

Parking Features Available, Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 101.33

Lot Depth 133.16

Total Parking Spaces 6

Building

Building Age 51-99

Foundation Concrete

Others

Senior Community No

ParcelsYN No

Listed by CENTURY 21 SYNERGY REALTY INC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(289) 219-4111

edward.pybus@exprealty.com

395 Pine ST E Gananoque, ON K7G 1E2

Eddy Pybus

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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