47 Gibson Street
Parry Sound, ON
8 bed • 6 bath • approx. 3500-5000 sqft • Detached • 156 days on market
In the heart of Parry Sound, 47 Gibson Street is a historic 4-unit building that beautifully combines rich heritage with artistic flair. Great care was taken during a full 2020 gutting and renovation where all wiring, plumbing, windows, appliances, and studs were replaced or reinforced. As much of the original character as the local building inspector allowed was retained to create a true one-of-a-kind "shabby chic" building, such as the original 1898 pine floors. This unique property offers an unparalleled opportunity for those seeking both charm and potential. The building is steeped in history, with each of its well-appointed units featuring distinctive architectural elements and artistic details that highlight the area's cultural significance. From the moment you step inside, you're greeted by a sense of warmth and character that is hard to find elsewhere. The location of this property is a true standout, situated in one of the most desirable areas of Parry Sound, with easy access to local amenities, charming shops, and stunning waterfront views. The main floor is wheelchair accessible. The 2 sunrooms are off the Carmichael and Thomson units. All four units are equipped with HRVs. The vibrant downtown scene is just a short walk away, providing residents and tenants with the perfect mix of quiet residential living and proximity to everything this picturesque town has to offer. Whether you're looking to preserve the building's artistic history or capitalize on a promising investment, 47 Gibson Street offers incredible potential. With a combination of historic charm, a prime location, and strong investment appeal, this property is a rare gem in a thriving community. SQFT- 2300 per floor, as well as 2200 in the lower level (basement). The basement not only has 1 unit but has an entrance via the stairs as well as a walk-out into the backyard. The lower level also has a storage room equipped with all of the electrical panels. Brand new solar battery array 50k value.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $7,996
- Originally Listed
- $1,389,000
- Listed
- March 26, 2026
Price History
Listing history
Sign in to view
Property
- Style
- 2-Storey
- Construction
- Metal/Steel Siding
- Roof
- Metal
- Foundation
- Brick, Concrete Block, Insulated Concrete Form, Stone
- Interior
- Carpet Free
- Lot Size
- 35 x 132 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Bowes
- Zoning
- C1
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Exclusions
- Specific items of the sellers choosing.
Schools
Elementary
- École élémentaire publique aux Quatre-Vents0.1 km
French public · CS public du Nord-Est de l'Ontario
- TBA - Near North District School Board. (Elementary)1.1 km
Public · Near North DSB
- Parry Sound Intermediate School School1.2 km
Public · Near North DSB · 110 students
Secondary
- Parry Sound High School1.1 km
Public · Near North DSB · 625 students
Grade 10 literacy: 69% met the provincial standard
- École secondaire publique aux Quatre-Vents2 km
French public · CS public du Nord-Est de l'Ontario
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P2A
- Population
- 14,695
- Private dwellings
- 10,034
- Median age
- 54
- Average household size
- 2.2
- Median household income
- $73,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Parry Sound · last 12 months
- Median sold price
- $472,500
- Homes sold
- 108
- Median days on market
- 38
- Sale-to-list price
- 94.1%
Based on 108 recorded sales of residential freehold properties in Parry Sound over the last 12 months.
Listed by
RE/MAX Parry Sound Muskoka Realty Ltd
Location
Street View
Mortgage Calculator
$258,000
Estimated Monthly Payment
$6,337
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,337/mo (20% down, 5.5%)
Taxes: $666/mo · Insurance: $323/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?