12 GIBSON STREET, Parry Sound
$1,200,000
For sale: Multiplex
- Property type
- Fourplex
- Bedrooms / bathrooms
- 6 bedrooms, 4 bathrooms
- Living area
- 3,500 sqft
- MLS®
- MLS® X13446120
- Neighbourhood
- Parry Sound
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.
Sold data
Homes in Parry Sound — recent sold market
Homes in Parry Sound took a median of 30 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 76, across 30 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.
The median sale price was $426,950.
Homes sold for about 3.5% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 40% of sellers reduced their price before finding a buyer.
- Median days to sell
- 30
- Median sale price
- $426,950
- Sale-to-list ratio
- 96.5%
- Sold above asking
- 10%
Based on 30 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Parry Sound
Parry Sound has 2 Fraser Institute–rated schools (2 elementary).
- Rated schools
- 2
- Elementary
- 2
Top-rated schools in Parry Sound
- Parry Sound — elementaryFraser rating 4.5/10
- St Peter's — elementaryFraser rating 1.7/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 12 GIBSON STREET
$950,000
Multiplex1043,000–3,500 sqft1 MELISSA STREET, Parry Sound, Parry Sound
$939,000
Multiplex6+342,500–3,000 sqft56 FLORENCE STREET W, Huntsville, Huntsville
$939,000
Multiplex532,500–3,000 sqft54 FLORENCE STREET W, Huntsville, Huntsville
$899,900
Detached421,500–2,000 sqft6 CHANNELVIEW ROAD, Monteith, McMurrich/Monteith
$1,215,000
Detached432,000–2,500 sqft180 ALLISON'S POINT ROAD, Chaffey, Huntsville
$849,900
Detached321,500–2,000 sqft62 MILL LAKE TRAIL, McDougall, McDougall
$1,099,000
Detached432,000–2,500 sqft315 NORTH FOX LAKE ROAD, Stisted, Huntsville
$1,149,000
Detached443,000–3,500 sqft56 SALLOWS DRIVE, Rural Tay, Tay