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    For Sale - 1 Melissa Street, Parry Sound, Ontario

    Est payment $4,778/mo
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    Views   1
    Time on Jump  6 day

    AI Summary *

    • Strong income potential with an 8+ cap rate for investors.
    • Well-maintained fourplex with low maintenance and reliable cash flow.
    • Three spacious 3-bedroom units and one versatile 1-bedroom unit.
    • Prime location near hospital, downtown, and Georgian Bay.
    • Ample parking and separate entrances for tenant convenience.




    Exceptional 4 plex investment opportunity in the thriving town of parry sound. Fantastic offering at an 8+ cap rate. This well maintained, purpose built fourplex offers a rare combination of strong income potential, low maintenance ownership, and long term investment stability in the heart of northern ontario cottage country. Featuring three spacious 3 bedroom units and one 1 bedroom unit, all separately metered for hydro, this solid asset is ideally positioned close to the hospital, vibrant downtown core, and the breathtaking shores of georgian bay. Built in 1991 with notable updates including windows and shingles, this property offers reliable cash flow with established long term tenants already in place. Ample front and rear parking further enhances tenant convenience and desirability. An outstanding opportunity for investors seeking to expand their portfolio with a high performing multi residential asset in a growing and highly desirable community. The building has total 4 units. 3 units are 3 bed room with 13x13 hall and kitchen; 10x13 bedroom 1 ; 9. 6x12 bedroom 2 9. 6x10 bedroom 3. Three units fully renovated in june 2025 with high-quality modern finishes (1) vinyl flooring installed throughout all units (2) brand new plumbing and fixtures (3) new kitchen upgrades including cabinets, fridge, stove, and fittings (3) newly renovated bathrooms with contemporary finishes. Freshly painted interiors throughout (4) new washer and dryer installed (2025) (5) tenants currently in place (6) all utilities paid by tenants, ensuring efficient operating costs (7) each unit features a separate private entrance (8) ample parking with 2-car parking available per unit. One unit is one bedroom: - the tenant is planning to move soon. Can be easily converted to 2 bedroom unit. Increasing rental value.
    Listing IDX13146372
    Address1 Melissa Street
    CityParry Sound, Ontario
    Price$995,000
    Bed / Bath10 / 4 Full
    Style2-Storey, Fourplex
    ConstructionBrick
    Land Size0.206
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features NoneAmenities Hospital, SchoolOwnership FreeholdAppliances NoneBasement NoneFoundation Concrete BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 7.00
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    Listing Agency:  ROYAL LEPAGE TERREQUITY REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
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    1 Melissa Street
    Parry Sound , Ontario
    10 4 $995,000
    Get more info