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Investment signal

$599,900

190 VICTORIA AVENUE

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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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

Fantastic investment opportunity in the heart of Gananoque. This fully tenanted legal triplex is generating $4,544/month ($54,528 annually) with strong tenants and updated finishes throughout. The building offers three self-contained units: a spacious 3-bedroom, a bright2-bedroom, and a well-kept 1-bedroom, with recent renovations completed in the larger suites. Situated on a generous 60' x 134' corner lot, the property offers ample on-site parking and has seen significant improvements over the years, including electrical upgrades, plumbing updates ,refreshed kitchens and bathrooms, newer flooring and paint, updated roof, decks, and siding. A true turnkey asset, this property is ideal for investors looking to step into a stable, income-producing rental without the hassle of deferred maintenance or tenant turnover. Close to downtown amenities, parks, and the waterfront. Minimum 24 hours' notice required for all showings. (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: 05 - Gananoque
Lot dimensions: 60 x 134 FT
Bedrooms: 6 above grade
Parking: 6 total
Stories: 2
On market: Mar 17, 2026
Status changed: Apr 24, 2026
Annual tax: $3,143
Photos: 50
MLS#: X12892260
Area: GANANOQUE

Features and systems

Parking

No Garage

Basement

None

Appliances

Water Heater

Heating

Forced airNatural gas

Cooling

None

Exterior

Vinyl siding

Foundation

StoneBlock

Negative cash flow ~$402/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

-4.02%

Cap rate

4.06%

GRM

15.1

Break-even rent

$3,723

Financing

Down payment$119,980

Loan amount$479,920

Mortgage$2,432/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$275

Insurance$80

Maintenance$500

CapEx reserve$250

Vacancy loss$165

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 $2,432/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 24, 2026.