CAONParry Sound12 Gibson St
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12 Gibson St, Parry Sound, ON

House

For Sale

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646

MLS® X13446120

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes $5,738
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X13446120

Property Address: 12 Gibson St, Parry Sound, ON, P2A1W7

Average square foot calculated using Size range provided by listing agent.

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. (id:58753)Show Description
MLS® NumberX13446120
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementNone
DrivewayNo Garage
Garage Spaces
HeatBaseboard heaters, Electric, Natural gas
A/CNone

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
Oct 21, 2021End Date
-Sold Price

Expired

Oct 13, 2021List Date
$499,999List Price
Sep 15, 2021End Date
-Sold Price

Expired

Mar 14, 2021List Date
$499,999List Price
  • Commute

Commute

Starting Address
Destination Address
12 Gibson St, Parry Sound, ON
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