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Investment signal

$469,000

151 ADELAIDE STREET

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Gananoque. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Perfect for savvy buyers seeking mortgage assistance or multi-family living, this centrally located home in the heart of downtown Gananoque is just steps from the Town Square. The main floor features a cozy living room, a stylish kitchen, and two comfortable bedrooms, while a separate entrance leads to a bright and airy two-bedroom upper unit. This property offers incredible peace of mind with extensive updates, including a metal roof, newer windows, deck, furnace, A/C, and hot water tanks. Adding to the convenience, both levels are equipped with separate meters for hydro and water, all appliances are included, and the exterior features four parking spots and a spacious backyard. Situated directly across from the baseball diamond and the Gananoque River, this home combines modern upgrades with a prime location in the "Gateway to the 1000 Islands". Vacant Possession. (id:65958)

Subtype: Single Family
Structure: House
Community: 05 - Gananoque
Common interest: Freehold
Lot dimensions: 60 x 120 FT
Bedrooms: 2 above grade, 2 below grade
Parking: 4 total
Stories: 2
On market: Apr 20, 2026
Status changed: Apr 20, 2026
Annual tax: $2,894.14
Photos: 35
MLS#: X13020770
Area: GANANOQUE

Features and systems

Parking

No Garage

Basement

UnfinishedN/A

Appliances

WasherRefrigeratorStoveDryerWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Vinyl siding

Lot

In-Law Suite

Negative cash flow ~$27/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-0.35%

Cap rate

4.79%

GRM

13.5

Break-even rent

$2,929

Financing

Down payment$93,800

Loan amount$375,200

Mortgage$1,901/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$215

Insurance$80

Maintenance$391

CapEx reserve$195

Vacancy loss$145

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,901/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.