12 Gibson ST, Parry Sound, ON P2A 1W7
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12 Gibson ST, Parry Sound, ON P2A 1W7
12 Gibson ST, Parry Sound, ON P2A 1W7
12 Gibson ST, Parry Sound, ON P2A 1W7
12 Gibson ST, Parry Sound, ON P2A 1W7
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Sherif Nathoo

Sherif Nathoo

+1(416) 274-1513
$ 1,200,000
Est. payment /mo
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12 Gibson ST Parry Sound, ON P2A 1W7

6 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision Parry Sound

MLS Listing ID X13446120

Style 2-Storey

Bedrooms 6

Annual Tax Amount $5,737

Tax Year 2025

Property Sub-Type Fourplex

Property 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.

Location

Province ON

County Parry Sound

Area Parry Sound

Rooms

Family Room Yes

Basement None

Kitchen 5

Interior

Interior Features Carpet Free, Separate Hydro Meter

Cooling None

Fireplace No

Heat Source Electric

Exterior

Parking Features Available

Pool None

Roof Type Asphalt Shingle,Shingles

Topography Flat,Open Space

Lot Frontage 65.93

Lot Depth 263.95

Total Parking Spaces 6

Building

Building Age 100+

Unit Features Place Of Worship,School

Foundation Concrete Block

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN Yes

Listed by ROYAL LEPAGE TERREQUITY REALTY
Sherif Nathoo

Sherif Nathoo

+1(416) 274-1513

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12 Gibson ST