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Renanza Realty
For sale

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

Listing 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.

Estimated monthly payment$5,583 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

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.