For Sale: 12 Gibson Street, Parry Sound, ON - REW
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$1,200,000
6 bd • 4 ba • 3000 - 3500 sf • Fourplex
12 Gibson Street
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$1,200,000
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12 Gibson StreetParry Sound, ON, P2A 1W7

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

About this home

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.
Listed by: Maxim Mendes, Broker, ROYAL LEPAGE TERREQUITY REALTY

Home facts and features

Price details
List Price
$1,200,000
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Gross Taxes for 2025
$5,738
Home facts
Bedrooms
6
Full Bathrooms
4
Parking Spaces
6
Parking Details
Available
Property Type
Fourplex
Lot Size
65 ft x 263 ft (17402 ft²)
Depth
263.95
Frontage
65.93
Year Built
100 - 2026 yrs old
Exterior Finish
Vinyl Siding
Heating Type
Baseboard, Electric
Features
Carbon Monoxide Detectors, Place Of Worship, School, Smoke Detector
Agent details
Primary Agent
Primary Broker
ROYAL LEPAGE TERREQUITY REALTY
Secondary Agent
Secondary Broker
ROYAL LEPAGE TERREQUITY REALTY
Listing details
Days on REW
43 Days
MLS® Number
X13446120
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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