129 South Street 607, Gananoque

$699,999
129 South Street 607

$699,999

New
22d
Condo ApartmentApartment

129 South Street 607, Gananoque

Total Monthly Obligation $5,105

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
22d
Score
14
Yield
4.6%
Cash on Cash
-17.4%
Cap Rate
0.8%
5Y IRR
2.1%
10Y IRR
4.3%
Property Type-Condo Apartment
MLS® Number-X13847206
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$9,275.27 (2026)
Maintenance-$1,308.29/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 HERITAGE GROUP LTD., BROKERAGE
Cooling-Central Air
Laundry-Yes
Fireplace-Electric
Pool-None
Exterior-Brick
Roof-Metal
Possession-immediate
Neighbourhood-05 - Gananoque
Title-Residential Condo & Other

No agent assigned

A WATERFRONT PENTHOUSE FOR $699,999? Yes-you read that correctly.Opportunities like this simply do not come along every day. Penthouse 607 at Stone & South is now offered at an incredible$699,999, creating an exceptional opportunity to own a luxury penthouse on the St. Lawrence River in the heart of the ThousandIslands-complete with a private marina slip, underground parking and TWO storage lockers.Set on the top floor with impressive 10-foot ceilings, this beautifully finished 2-bedroom, 2-bathroom suite features hardwoodflooring, abundant natural light and a spacious open-concept design. The chef-inspired kitchen includes a gas cooktop, electricwall oven, drawer microwave, dishwasher and wine/beverage cooler, opening seamlessly to generous living and dining spaces.Both the primary bedroom and living area provide access to the private balcony, while additional flexible in-suite space provideseven more versatility.And then there are the extras that make this opportunity so difficult to replicate: your own boat slip, underground parking, twostorage lockers, penthouse living and the St. Lawrence River at your doorstep-all for $699,999.Spend summer days on the boat, walk downtown for dinner, enjoy the Thousand Islands Playhouse, shops, cafés and waterfronttrails, then simply lock the door and travel.Penthouse. Waterfront. Boat slip. Underground parking. Two storage lockers. $699,999.If you've been waiting for an extraordinary opportunity in the Thousand Islands, this is one you need to see.

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$
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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$559,999
Land Transfer Taxes$10,475
Legal Fees (Est.)
$
Total cash required for closing$151,975

Total Monthly Obligation

$5,105/mo
Mortgage $2,824
Monthly Loss $4,362
Principal$743
Interest$2,081
Property Tax$773
Condo Fees$1,308
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
0.3%5
Cash-on-Cash
-21.3%0
5-Year IRR
-0.4%2
10-Year IRR
3.1%
Returns Index
2.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$1,839/yr
Net Cash Flow
-$2,670/mo
Cash Margin
-98.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.051
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
16.2/ 100

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

Comparables

Properties near 129 South Street 607

Time

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