12 Gibson Street,Parry Sound, ON P2A1W7
Parry Sound, ON P2A1W7
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:13843)
Details
| MLS # | X13446120 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 110 |
| Listing Provided By | ROYAL LEPAGE TERREQUITY REALTY | MAXIM MENDES |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,000 |
| Story(s) | 2 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard heaters, Electric, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Security Features | Smoke Detectors |
|---|---|
| Lot Features | Irregular lot size, Open space, Flat site, Carpet Free |
| Foundation Details | Block |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 6 |
Utilities
| Utilities | Sewer, Electricity |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 5737.75 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Parry Sound |
| Postal Code | P2A1W7 |
| Listing VS Median (in P2A1W7) | |
Price: $1,200,000 low | high Med: $1,200,000 sqft: 3,000 low | high Med: 3,000 $ / sqft: $400 low | high Med: $400 On site: 110 low | high Med: 110 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Parry Sound |
| Postal Code | P2A1W7 |
| Listing VS Median (in P2A1W7) | |
Price: $1,200,000 low | high Med: $1,200,000 sqft: 3,000 low | high Med: 3,000 $ / sqft: $400 low | high Med: $400 On site: 110 low | high Med: 110 | |