$599,900
Available - For Sale
Listing ID: X14161598
105 Gibson Street , Parry Sound, P2A 1X6, Parry Sound
| **Investors Take Note! Four Units, Established Rental Income, and Excellent Investment Potential!** Welcome to 105 Gibson Street, a fully tenanted fourplex ideally located in the heart of Parry Sound, one of Canada's fastest-growing communities. This income-producing property offers four self-contained units: two 1-bedroom apartments, one 2-bedroom suite with laundry, and one studio apartment, all rented on month-to-month agreements. Separate hydro meters allow tenants to pay their own electricity costs, helping minimize landlord expenses, while water and sewage remain the owner's responsibility. With established rental income, reliable tenants, diversified rental units, and potential for future rental growth, this property offers investors an attractive opportunity to build equity and expand their real estate portfolio. Floor plans with room measurements are available in the attachments. **A turnkey investment opportunity with immediate income and long-term potential!** |
| Price | $599,900 |
| Taxes: | $4651.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 105 Gibson Street , Parry Sound, P2A 1X6, Parry Sound |
| Postal Code: | P2A 1X6 |
| Province/State: | Parry Sound |
| Legal Description: | PT LT 39 E/S GIBSON ST PL 22 AS IN RO108 |
| Directions/Cross Streets: | Gibson and Cascade Streets |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 2017.00 |
| Total Area Code: | Square Meters |
| Approximatly Age: | 100+ |
| Franchise: | F |
| Water Expense: | $2160 |
| Net Income Before Debt: | $37040 |
| Year Expenses: | 2026 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 4 |
| Outside Storage: | F |
| Crane: | F |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
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| Right At Home Realty |
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Farnaz Masoumi
Broker
Dir:
647-923-4343
Bus:
905-695-7888
Fax:
905-695-0900
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At a Glance:
| Type: | Com - Investment |
| Area: | Parry Sound |
| Municipality: | Parry Sound |
| Neighbourhood: | Parry Sound |
| Approximate Age: | 100+ |
| Tax: | $4,651 |
| Baths: | 4 |
| Fireplace: | N |
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