430 KING Street W

Nestled in the charming town of Gananoque, this exceptional investment opportunity awaits you at 430 King Street W, Gananoque. This delightful Multi-Family Home for sale in Gananoque is a classic red brick Victorian multiplex that boasts a rich history, having stood for over 100 years. With its prime location in the picturesque waterfront area of Gananoque, this property presents a unique chance for both seasoned investors and those looking to step into the world of property ownership.

The Multi-Family Home for sale in Gananoque features three self-contained units, each with its own entrance, ensuring privacy and independence for tenants. The layout includes one spacious 2-bedroom apartment and two cosy 1-bedroom apartments, all exuding their own charm and character. The main floor 1-bedroom unit has been tastefully renovated, showcasing a brand-new kitchen, an updated bathroom, and new flooring, making it particularly appealing for potential tenants or an owner-occupant looking for immediate comfort.

At 430 King Street W, Gananoque, the total number of rooms is an impressive 13, which includes three kitchens that cater to the needs of each unit. This arrangement not only enhances the functionality of the property but also adds to its appeal as a Multi-Family Home for sale in Gananoque. The building style is a 2-storey design, allowing for ample living space while maintaining a cosy atmosphere.

In terms of amenities, this property offers three bathrooms, ensuring convenience for all residents. Although there is no central air conditioning or central vacuum system, the radiant heating provides a warm and inviting environment during the colder months. The property is unfurnished, allowing new owners to personalise the space to their liking. Additionally, the family room offers a communal area where residents can relax and enjoy each other's company.

The exterior of the building is constructed of sturdy brick, which not only adds to its aesthetic appeal but also ensures durability. The lot measures 59 X 115 feet, providing ample outdoor space for potential landscaping or recreational use. However, it is worth noting that there is no pool on the premises, and the property does not include a garage. Parking is available with a private driveway that accommodates up to four vehicles, making it convenient for both residents and guests.

Situated in the heart of Leeds and Grenville, this Multi-Family Home for sale in Gananoque is connected to municipal water and sewer services, ensuring a hassle-free living experience. The unfinished basement presents an opportunity for future development or storage, while the absence of additional land keeps maintenance straightforward.

This property is ideal for those looking to expand their investment portfolio or for anyone desiring the flexibility to live in one unit while generating rental income from the others. The potential for strong returns in this desirable location, combined with the unique character of the building, makes 430 King Street W, Gananoque, a remarkable opportunity.

Living in Gananoque means embracing the Thousand Islands lifestyle, with its stunning natural beauty and vibrant community. This Multi-Family Home for sale in Gananoque is not just a property; it’s a gateway to a lifestyle filled with adventure and relaxation. Don’t miss out on this chance to own a piece of history in such a picturesque setting. Whether you’re an investor or a homeowner, this property at 430 King Street W, Gananoque, is sure to impress.

Gananoque, nestled along the banks of the St. Lawrence River in Ontario, is a picturesque town that embodies the charm of small-town living with a vibrant waterfront. This community boasts a rich history, evident in its well-preserved architecture and quaint streets lined with local shops and eateries. Surrounded by the stunning Thousand Islands, residents enjoy an abundance of outdoor activities, from boating and fishing to hiking and cycling. The welcoming atmosphere, combined with a strong sense of local pride, makes Gananoque an inviting place for those seeking a tranquil yet engaging lifestyle, all while being just a short drive from larger urban centres.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Linklater Public School, an elementary institution situated just 0.8 km away, offering grades from JK to 6 under the Upper Canada District School Board, with a school rating of 6.3. For secondary education, Gananoque Secondary School is only 1.3 km from the property, providing grades 7 to 12, also under the Upper Canada District School Board, although it has a lower rating of 5.7. Additionally, St. Joseph Catholic School, located 1.1 km away, serves as a Catholic elementary school for grades JK to 8, but it currently holds a rating of 0. All schools in the vicinity offer French as the language of study, catering to bilingual education needs. The proximity to these schools not only enhances the appeal of the property for families but also supports a strong community atmosphere, ensuring that educational opportunities are easily accessible. Overall, the area boasts a mix of public and Catholic schooling options, providing families with choices that align with their educational preferences.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 560 residents and an average household size of 2.2. The average age of residents is 45.5 years, indicating a mature population. The average household income stands at $90,000, with 11.6% of the population classified as low-income. Housing prices are relatively moderate, with an average property price of $412,000. The community exhibits a diverse social structure, with 42.11% of individuals being single and 25.71% of households having children. Renters make up 25.93% of the population, while there are no condominiums in the area. Educational attainment is notable, with 47.92% of residents holding a college or university degree. However, a significant portion of the population, 36.46%, is not in the labor force, which may reflect various factors, including retirement or other commitments. Additionally, the immigrant population is relatively low at 2.61%, suggesting a stable, established community. Overall, this demographic snapshot indicates a well-educated, moderately affluent neighborhood with a mix of family structures and housing arrangements.