129B South Street 218, Gananoque

$560,000
129B South Street 218

$560,000

New
22d
Condo Apartment1 Storey/Apt

129B South Street 218, Gananoque

Total Monthly Obligation $3,987

Beds
1
Baths
2
Park
1
Sqft
800-899
DOM
22d
Score
14
Yield
4.6%
Cash on Cash
-16.1%
Cap Rate
1.1%
5Y IRR
3.1%
10Y IRR
5.0%
Property Type-Condo Apartment
MLS® Number-X13848100
Beds-1
Bathrooms-2
Size-800-899 sqft
Lot Size-1.76 Acres
Listed on site-Oct 1, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-0-5
Taxes-$7,205 (2025)
Maintenance-$927.41/mo
Locker-None
Parking-1 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stone, Brick
Roof-Metal
Foundation-Concrete
Possession-Flexible
Neighbourhood-05 - Gananoque
Title-Residential Condo & Other

No agent assigned

Welcome to carefree waterfront living Gananoque, nestled along the stunning St. Lawrence River. This beautifully appointed 1-bedroom plus den condo offers an exceptional lifestyle in a newer, upscale building just steps from the water. Designed with comfort and style in mind, the open-concept layout features an upgraded kitchen with quality finishes, seamlessly flowing into the bright living and dining areas. Engineered hardwood floors run throughout, creating a completely carpet-free space that is both elegant and easy to maintain. The spacious primary bedroom is complemented by a full ensuite bathroom, while a convenient powder room adds flexibility for guests. The den provides the perfect spot for a home office, reading nook, or overnight visitors. Residents enjoy outstanding amenities, including a waterfront park and scenic walking trail, a well-equipped gym, and a fantastic community party room complete with a pool table and full kitchen - ideal for entertaining. A communal BBQ area invites outdoor gatherings, and secured underground parking offers added convenience and peace of mind. All of this within walking distance to the waterfront, the renowned Thousand Islands Playhouse, as well as local restaurants and boutique shops. An exceptional opportunity to enjoy low-maintenance living in one of Eastern Ontario's most picturesque communities. Please note: property taxes are currently being reassessed and are expected to be reduced - call for further details.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$448,000
Land Transfer Taxes$7,675
Legal Fees (Est.)
$
Total cash required for closing$121,175

Total Monthly Obligation

$3,987/mo
Mortgage $2,259
Monthly Loss $3,392
Principal$594
Interest$1,664
Property Tax$600
Condo Fees$927
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
0.5%6
Cash-on-Cash
-20.3%0
5-Year IRR
0.3%3
10-Year IRR
3.6%
Returns Index
2.4/ 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
$25,992/yr
NOI
$2,659/yr
Net Cash Flow
-$2,037/mo
Cash Margin
-94.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.101
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
19.4/ 100

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

Comparables

Properties near 129B South Street 218

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.