389 King Street, Gananoque, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of 05 - Gananoque. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $849,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 142 x 245 ft lot size
- equipped with no central cooling and highly efficient other heating
Description
Step into a rare opportunity in the heart of Gananoque. Prominently positioned on high-visibility King Street, this iconic Victorian landmark offers over 4,900 sq. ft. of character-filled space on an impressive -acre lot, just minutes from the 401 corridor between Toronto and Ottawa. Rich in history and architectural charm, this property offers incredible flexibility for entrepreneurs, investors, and creatives alike. With zoning that supports a wide range of commercial uses, the possibilities are endless - from a gallery, café, studio, boutique office, wellness space, or heritage-style inn, to the perfect live/work opportunity for professionals seeking an inspiring setting. Inside, timeless character and original details create a warm and memorable atmosphere, while the expansive layout provides the flexibility to reimagine the space to suit your vision. Beyond the building itself, the oversized lot presents significant future potential, including the possibility for expansion or multi-unit residential development at the rear - a rare offering in such a central and desirable location. With exceptional exposure, steady traffic flow, strong community presence, and undeniable curb appeal, this property represents both a lifestyle and investment opportunity unlike anything else currently available in Gananoque.389 King Street is where heritage, business, and opportunity come together - a truly iconic property ready for its next chapter.
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Pricing & Value Insights
Data-driven valuation for 389 King Street, Gananoque, ON K7G 1G6
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About Purchasing a Home in Gananoque, ON
For a property listed at $849,900 in Gananoque, the legal minimum down payment is $59,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $13,473 for this transaction. As this listing is in Gananoque (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $13,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.