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$1,200,000
Available - For Sale
Listing ID: X13446120
Exceptional Investment Opportunity! Own a 5-Plex in the thriving community of Parry Sound, one of Ontario's most desirable destinations on the shores of Georgian Bay. Ideally situated just minutes from the vibrant downtown core, famed 30,000 Islands, marinas, parks, trails, shops, restaurants, and year-round amenities. This income-producing property with more than 8.5% cap rate, features a desirable unit mix consisting of two spacious 2-bedroom units and three well-appointed 1-bedroom units, offering strong rental appeal and diversified income potential. The building is serviced by both gas and electric heating systems, with separate hydro meters for each tenant, helping to minimize operating expenses. The property offers approximately 3,200 sq. ft. of above-grade living space and includes an unfinished basement providing excellent storage. The building is completely carpet-free, offering low-maintenance living for tenants and owners alike. The building has more than 6 large open car parking spots. Situated on a rare oversized lot with potential for future development (buyer to conduct their own due diligence), this property presents both immediate cash flow and long-term growth opportunities. Located in a high-demand rental market and serving as a gateway to Georgian Bay and Northern Ontario recreation, this is an exceptional opportunity for investors seeking stable income, strong tenant demand, and future upside in one of Ontario's most sought-after communities.
Price $1,200,000
Taxes: $5,737.75
Occupancy by: Tenant
Address: 12 Gibson Street , Parry Sound, P2A 1W7, Parry Sound
Acreage: .50-1.99
Directions/Cross Streets: 12 Gibson Street, Parry Sound
Rooms: 16
Bedrooms: 6
Bedrooms +: 0
Washrooms: 4
Family Room: T
Basement: None
No. of Pieces Level
Washroom 1:  3 Main
Washroom 2:  3 Second
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3 Main
Washroom 7:  3 Second
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  3 Main
Washroom 12:  3 Second
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Property Type: Fourplex
Style: 2-Storey
Exterior: Vinyl Siding
Garage Type: None
(Parking/)Drive: Available
Drive Parking Spaces: 6
Park #1
Parking Type: Available
Park #2
Parking Type: Available
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 3000-3500
Property Features: Place Of Wor
School
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
Utilities-Cable: N
Utilities-Hydro: Y
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE TERREQUITY REALTY

12 Gibson Street , Parry Sound, P2A 1W7, Parry Sound

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Freehold - Fourplex
Area: Parry Sound
Municipality: Parry Sound
Neighbourhood: Parry Sound
Style: 2-Storey
Lot Size: x 263.95(Feet)
Approximate Age: 100+
Tax: $5,737.75
Maintenance Fee: $0
Beds: 6
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908