12 GIBSON STREET
Parry Sound, Ontario
MLS® X13446120
$1,200,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13446120
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- —
1 / 23Listing description
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.
Property summary
- MLS® number
- X13446120
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 65.9 x 264 FT
- Annual property taxes
- $5,737.75
- Parking
- 6 spaces · No Garage
- Days on market
- 80 days
Features & details
- Heating
- Baseboard heaters, Electric, Natural gas
- Cooling
- None
- Basement
- None
- Exterior features
- Vinyl siding
- Lot features
- Irregular lot size, Open space, Flat site, Carpet Free
What would this home cost you?
Based on the $1,200,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE TERREQUITY REALTY, MISSISSAUGA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.