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Listed 3 months ago

316 - 130 WATER Street

05 - Gananoque, Gananoque

$499,000

Condo Apartment |
2 | 2 | 1 | 0
About this home

Are you searching for a maintenance free home, or an Investor looking for a fabulous year round rental? Look no further! This spacious 1400+ square foot 2 bedroom / 2 full bath is located on the shores of the St. Lawrence River in the heart of the Thousand Islands. Equipped with afront & back patio with river views on both sides, as well as from your living/dining room. Carpet free throughout, with plenty of storage. 2nd bedroom can be used as a den/office. This building boasts secured entrances, 2 elevators, heated underground parking, and communal library on each floor. A hop away from the Municipal Marina where you can dock your vessel seasonally. Launch your kayak steps from the front door, and enjoy summer concerts in Joel Stone park every weekend in the summer months. If you're an avid cyclist, the 1000 Island Parkway is just a short ride from the condo. This is the perfect place to live if you enjoy River life, mixed with an abundance of great restaurants, theatre, shopping, and much more. Quick possession available. Reliable Tenant currently in place, and managed by Bendale Property Management.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1400-1599 sq. ft.
Maintenance Fees$600
LockerNone
BalconyJuliette
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$6,285
mls© NumberX13485910
Listed ByRE/MAX FINEST REALTY INC., BROKERAGE
Common Elements Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,554
Property tax
$524
Heat allowance
$150
Condo fees, half counted
$300
Housing costs
$3,528 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $99,800
25-yr amortization

Income needed

$109,000

gross annual household income

Payment at 4%
$2,100 / mo
Cash down
$99,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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