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$1,200,000
Ontario,Parry Sound
For Sale Active
12 GIBSON STREET, Parry Sound, Ontario P2A1W7
  • 6
  • 4
  • 3000 - 3500Square Feet
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Basic Details
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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13446120
  • Price: $1,200,000
  • Bedrooms: 6
  • Bathrooms: 4
  • Square Footage: 3000 - 3500 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 90347
Features & Appliances
Features
  • Heating System: Natural gas, Baseboard heaters, Electric
  • Cooling System: None
  • Basement: None
  • Parking: No Garage
  • Exterior Features: Vinyl siding
  • Sewer: Sanitary sewer
  • Utilities: Electricity, Sewer
Address Map
  • Location: CA, Ontario, Parry Sound, P2A1W7
  • Street: Gibson
  • Street Number: 12
  • Street Suffix: Street
  • Longitude: W81° 57' 52.2''
  • Latitude: N45° 20' 30.7''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 65.9 x 264 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 5737.75
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Listing updated: 2026-06-20 16:49:56
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Listing Information
  • List Agent Key: 1883526
  • List Office Key: 90347
  • Modification Timestamp: 2026-06-15T18:05:15Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-06-15T17:58:07Z
Powered by REALTOR.ca
Listing updated: 2026-06-20 16:49:56
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