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50 & 60 Water Street Gananoque, Ontario K7G 2B8
8 Bedroom
5 Bathroom
4097.6700
Central Air Conditioning
Waterfront On River
$1,550,000
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:41986)
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 |
Building
| 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 |
Land
| 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 |
https://www.realtor.ca/real-estate/26181574/50-60-water-street-gananoque
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November 13 2023 02:28:04
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