12 Gibson Street
Parry Sound, ON
- 6 bed
- 4 bath
- approx. 3000-3500 sqft
- Fourplex
- 88 days on market
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.
Listing Details
- Taxes (2025)
- $5,738
- Listed
- June 15, 2026
Price History
Property
- Style
- 2-Storey
- Age
- 100+
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle, Shingles
- Foundation
- Concrete Block
- Interior
- Carpet Free, Separate Hydro Meter
- Lot Size
- 65.93 x 263.95 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- 12 Gibson Street, Parry Sound
- Parcel Number
- 521090118
- Possession
- 30-59 days
- Occupancy
- Tenant
Included
- Inclusions
- None
- Exclusions
- Tenants personal belongings
- Rental Items
- Hot water tank
Schools
Elementary
- École élémentaire publique aux Quatre-Vents0.3 km
French public · CS public du Nord-Est de l'Ontario
- TBA - Near North District School Board. (Elementary)1.4 km
Public · Near North DSB
- Parry Sound Intermediate School School1.4 km
Public · Near North DSB · 110 students
Secondary
- Parry Sound High School1.4 km
Public · Near North DSB · 625 students
Grade 10 literacy: 69% met the provincial standard
- École secondaire publique aux Quatre-Vents2.2 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
- 102
- Median days on market
- 38
- Sale-to-list price
- 94.1%
Based on 102 recorded sales of residential freehold properties in Parry Sound over the last 12 months.
Listed by
ROYAL LEPAGE TERREQUITY REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$240,000
Estimated Monthly Payment
$5,895
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,895/mo (20% down, 5.5%)
Taxes: $478/mo · Insurance: $300/mo
Estimates only. Consult a financial advisor.
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