130 Water Street 409, Gananoque

$559,500
130 Water Street 409

$559,500

New
17d
Condo ApartmentApartment

130 Water Street 409, Gananoque

Total Monthly Obligation $3,512

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
17d
Score
18
Yield
6.0%
Cash on Cash
-5.2%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Condo Apartment
MLS® Number-X13868010
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 6, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$6,189.9 (2026)
Maintenance-$539.5/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 HERITAGE GROUP LTD., BROKERAGE
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Membrane
Foundation-Insulated Concrete Form
Possession-Flexible
Neighbourhood-05 - Gananoque
Title-Residential Condo & Other

No agent assigned

Perched on the edge of the St. Lawrence with its toes dipping into the water (if buildings had toes), is the Island Harbour Club; one of Gananoque's prettiest waterfront addresses. It's a smartly designed 58-unit building, built in 2020, and this suite might be the best seat in the house. The centre of this 4th floor unit is a balcony almost 30 feet long. That's the length of a school bus. It faces south-east, so you get front-row seats every morning as the sun comes up over the St Lawrence. Coffee tastes better out here; that's a fact. There is the wall of windows looking out over that same balcony. From there the list keeps going - Primary bedroom with built-in IKEA wardrobes and a walk-in closet, so there's room for yourclothes and your partner's. Touch free electronic bidets. Dry bar / coffee counter that gives the big appliances their own spot, so your kitchen counters stay clear. Custom door screens and blinds tucked away out of sight until you need them, keeping the view front and centre. And someone else that handles the snow shovel.The second "bedroom" is really a den/office that comes with a queen Murphy bed. An ideal spot for short visits.The Gananoque Municipal Marina and docks are a couple of minutes away "by flip-flop." Cruise through the natural wonder of the Thousand Islands by boat. Jump on your bike and ride the trail to Ivy Lea. Walk to the Thousand Islands Playhouse, museums, and restaurants or listen to summer music festivals, best enjoyed with an umbrella drink in a cushioned chair on your very own balcony. Live here all year, or just for the season - the balcony, the marina and the view that is ever changing come with it either way.The photos and virtual tour tell the rest of the story, but some places are better felt than read about. My story ends here; but yours could start with a sunrise, a sense of awe, and a place to call home. Come and see it for yourself.Gananoque is pronounced: Gan - an - NAH - kway (meaning - water rising over rock)

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

Closing Costs

Mortgage Amount
$447,600
Land Transfer Taxes$7,665
Legal Fees (Est.)
$
Total cash required for closing$121,065

Total Monthly Obligation

$3,512/mo
Mortgage $2,257
Monthly Loss $2,918
Principal$594
Interest$1,663
Property Tax$516
Condo Fees$540
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
8.1%24
10-Year IRR
9.3%
Returns Index
13.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$33,648/yr
NOI
$15,219/yr
Net Cash Flow
-$989/mo
Cash Margin
-35.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
23.0/ 100

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

Comparables

Properties near 130 Water Street 409

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.