50 & 60 Water Street Gananoque, Ontario K7G 2B8


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8 Bedroom 5 Bathroom 4097.6700
Central Air Conditioning Waterfront On River


Welcome to an exceptional investment opportunity at 50/60 Water Street in Gananoque! This property consists of 2 detached homes configured as duplexes, offering a total of 4 lucrative apartments. Strategically positioned along the Gananoque River at St. Lawrence River with access to the world-famous 1000 Islands, one of Ontario’s most prized destinations, this location is a paradise for potential investors. Situated in the heart of downtown Gananoque, this property provides the ideal setting for attracting tenants and maximizing rental income. You can choose to live in one unit while profiting from the other three, ensuring immediate and consistent cash flow. All units can be vacated upon takeover, offering flexibility in tenant selection and lease terms. In addition to the residential units, this property boasts two boat houses, three boat slips, and convenient storage options. These features further enhance the property's value, catering to water enthusiasts and expanding its income potential. 60 Water St has seen recent updates, making it even more appealing to prospective tenants and boosting its rental income potential. With its prime location, income generating possibilities, and modernization efforts, 50/60 Water St is a wise investment choice for discerning investors. Call today to explore this opportunity further and take the first step towards building a profitable real estate portfolio in Gananoque. (id:28302)

Property Details

MLS® Number 40501113
Property Type Multi-family
Amenities Near By Marina, Park, Place Of Worship, Schools, Shopping
Community Features High Traffic Area, Quiet Area, Community Centre, School Bus
Features Southern Exposure, Paved Driveway
Parking Space Total 10
Water Front Name St. Lawrence River
Water Front Type Waterfront On River


Bathroom Total 5
Bedrooms Total 8
Appliances Microwave
Basement Development Partially Finished
Basement Type Full (partially Finished)
Cooling Type Central Air Conditioning
Exterior Finish Aluminum Siding, Stone, Vinyl Siding
Foundation Type Block
Heating Fuel Natural Gas
Stories Total 2
Size Interior 4097.6700
Type Fourplex
Utility Water Municipal Water


Access Type Road Access, Highway Access
Acreage No
Land Amenities Marina, Park, Place Of Worship, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 223 Ft
Size Frontage 110 Ft
Size Irregular 0.3
Size Total 0.3 Ac|under 1/2 Acre
Size Total Text 0.3 Ac|under 1/2 Acre
Surface Water River/stream
Zoning Description R