For Sale: 1 Melissa Street, Parry Sound, ON - REW
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$995,000
10 bd • 4 ba • 3000 - 3500 sf • Fourplex
1 Melissa Street
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$995,000
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1 Melissa StreetParry Sound, ON, P2A 2R4

  • 10 Bed
  • 4 Bath
  • 3000 - 3500 Sqft
  • Fourplex

About this home

Exceptional 4 Plex Investment Opportunity in the thriving Town of Parry Sound. Fantastic offering at an 8+ cap rate. This well maintained, purpose built fourplex offers a rare combination of strong income potential, low maintenance ownership, and long term investment stability in the heart of Northern Ontario cottage country. Featuring three spacious 3 bedroom units and one 1 bedroom unit, all separately metered for hydro, this solid asset is ideally positioned close to the hospital, vibrant downtown core, and the breathtaking shores of Georgian Bay. Built in 1991 with notable updates including windows and shingles, this property offers reliable cash flow with established long term tenants already in place. Ample front and rear parking further enhances tenant convenience and desirability. An outstanding opportunity for investors seeking to expand their portfolio with a high performing multi residential asset in a growing and highly desirable community. The building has total 4 units. 3 units are 3 bed room with 13x13 Hall and kitchen; 10x13 Bedroom 1 ; 9.6x12 bedroom 2 9.6x10 bedroom 3. Three units fully renovated in June 2025 with high-quality modern finishes (1) Vinyl flooring installed throughout all units (2) Brand new plumbing and fixtures (3) New kitchen upgrades including cabinets, fridge, stove, and fittings (3) Newly renovated bathrooms with contemporary finishes. Freshly painted interiors throughout (4) New washer and dryer installed (2025) (5) Tenants currently in place (6) All utilities paid by tenants, ensuring efficient operating costs (7) Each unit features a separate private entrance (8) Ample parking with 2-car parking available per unit. One unit is one bedroom: - The tenant is planning to move soon. Can be easily converted to 2 bedroom unit. Increasing rental value.
Listed by: Maxim Mendes, Broker, ROYAL LEPAGE TERREQUITY REALTY

Home facts and features

Price details
List Price
$995,000
Get Pre-Approved
Gross Taxes for 2025
$5,215
Home facts
Bedrooms
10
Full Bathrooms
4
Parking Spaces
7
Parking Details
Available
Property Type
Fourplex
Lot Size
202 ft x 0 ft (21780 - 87119 ft²)
Depth
0.0
Frontage
202.47
Year Built
31 - 50 yrs old
Exterior Finish
Brick
Heating Type
Baseboard, Electric
Features
Hospital, School
Agent details
Primary Agent
Primary Broker
ROYAL LEPAGE TERREQUITY REALTY
Secondary Agent
Secondary Broker
ROYAL LEPAGE TERREQUITY REALTY
Listing details
Days on REW
21 Days
Property Views
16
MLS® Number
X13146372
Source
Toronto Real Estate Board
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Property Insights

Parry Sound High School
  • Public
  • 7 - 12
Parry Sound Public School
  • Public
  • JK - 6
St Peter the Apostle School
  • Catholic
  • JK - 8
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Call Agent
Broker
Maxim Mendes
Phone:
905-812-9000
Office:
905-812-9000
Broker
Nancy Mendes
Phone:
905-812-9000
Office:
905-812-9000
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