129 South Street 120, Gananoque

$1,170,000
129 South Street 120

$1,170,000

New
28d
Condo Apartment1 Storey/Apt

129 South Street 120, Gananoque

Total Monthly Obligation $7,317

Beds
2
Baths
2
Park
2
Sqft
1000-1199
DOM
28d
Score
13
Yield
2.8%
Cash on Cash
-20.5%
Cap Rate
0.2%
5Y IRR
-0.2%
10Y IRR
2.7%
Property Type-Condo Apartment
MLS® Number-X13827538
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Sep 25, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$10,865.87 (2026)
Maintenance-$1,492.4/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 HERITAGE GROUP LTD., BROKERAGE
Cooling-Central Air
Laundry-Yes
Fireplace-Electric
Pool-None
Exterior-Stone, Brick
Possession-Flexible
Neighbourhood-05 - Gananoque
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 120 at 129 South Street in Stone & South, a gorgeous 2-bedroom, 2-bathroom first-floor condo offering a beautiful combination of luxury, comfort and convenience in one of Gananoque's most desirable waterfront communities. This stunning unit has been thoughtfully upgraded throughout, beginning with the beautiful kitchen featuring an oversized island, upgraded appliances, stylish backsplash, under-cabinet lighting and plenty of storage and prep space. Pot lights, automatic blinds and an electric fireplace add to the polished feel of the open-concept living area, while soaring 10-foot ceilings create an incredible sense of space. The spacious primary suite features a walk-in closet and a beautifully appointed ensuite with both a separate tub and shower. A second bedroom and full bathroom provide excellent space for guests, family or a home office. One of the things that makes this particular unit so appealing is its quiet, private setting. Enjoy the convenience of first-floor living while still having a peaceful outlook and the exceptional lifestyle that Stone & South is known for. And a major bonus - this unit comes with TWO parking spaces and TWO storage lockers, an incredibly valuable and hard-to-find combination. Located just steps from the St. Lawrence River and within walking distance of downtown Gananoque, restaurants, shops and the waterfront, Unit 120 offers an exceptional opportunity to enjoy sophisticated condo living in the heart of the Thousand Islands

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$936,000
Land Transfer Taxes$19,875
Legal Fees (Est.)
$
Total cash required for closing$255,375

Total Monthly Obligation

$7,317/mo
Mortgage $4,719
Monthly Loss $6,075
Principal$1,242
Interest$3,478
Property Tax$905
Condo Fees$1,492
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
-0.2%4
Cash-on-Cash
-23.3%0
5-Year IRR
-2.1%1
10-Year IRR
1.7%
Returns Index
1.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
13/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$32,460/yr
NOI
-$1,961/yr
Net Cash Flow
-$4,883/mo
Cash Margin
-180.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
-0.031
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo21
Risk Index
13.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 129 South Street 120

Time

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Data last updated within the past 24 hours.