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    For Sale - 12 Gibson Street, Parry Sound, Ontario

    Est payment $5,762/mo
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    Views   2
    Time on Jump  21 day

    AI Summary *

    • 5-plex located in a thriving community near Georgian Bay.
    • Strong rental appeal with a mix of 2-bedroom and 1-bedroom units.
    • Low-maintenance, carpet-free building with separate utilities for tenants.
    • Oversized lot with potential for future development and expansion.
    • Located close to parks, shops, and year-round amenities for tenants.




    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.
    Listing IDX13446120
    Address12 Gibson Street
    CityParry Sound, Ontario
    Price$1,200,000
    Bed / Bath6 / 4 Full
    Style2-Storey, Fourplex
    ConstructionVinyl Siding
    Land Size0.4
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Carpet Free, Separate Hydro MeterAmenities Place Of Worship, SchoolOwnership FreeholdAppliances NoneBasement NoneFoundation Concrete BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 6.00
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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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    Place of Worship
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    12 Gibson Street
    Parry Sound , Ontario
    6 4 $1,200,000
    Get more info