12 Gibson Street
Parry Sound, Parry Sound, P2A 1W7
$1,200,000
- 6 bedrooms
- 4 bathrooms
- 6 parking
- 3000-3500 sq ft
Listed 127 days ago · MLS® X13446120
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.
Details
- Type
- Fourplex
- Style
- 2-Storey
- Age
- 100+ years
- Size
- 3000-3500 sq ft
- Lot
- 65.93 × 263.95 ft
- Basement
- None
- Garage
- None
- Kitchens
- 5
- Property tax
- $5,738 (2025)
- Neighbourhood
- Parry Sound
- Municipality
- Parry Sound
Interior
- Bedrooms
- 6 above ground
- Bathrooms
- 2 × 3-piece (main), 2 × 3-piece (second)
- Rooms
- 16 above ground
- Family room or den
- Yes
- Fireplace
- No
- Features
- Carpet Free, Separate Hydro Meter
Heating, cooling and services
- Heating
- Baseboard, Electric
- Water and sewer
- Sewer
Building and exterior
- Style
- 2-Storey
- Exterior
- Vinyl Siding
- Roof
- Asphalt Shingle, Shingles
- Foundation
- Concrete Block
- Age
- 100+
- Faces
- East
Parking
- Total parking
- 6
- Driveway and parking
- Available
Lot
- Size
- 65.93 × 263.95 ft (irregular)
- Acreage
- .50-1.99
More
- Possession
- Flexible
- Nearby
- Place Of Worship, School
- Cross street
- 12 Gibson Street, Parry Sound
History of this address
2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Somewhat walkable
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: no grocery stores, 12 cafés and restaurants, 5 parks, 1 pharmacy. Nearest park: Market Square Park (450 m).
Schools nearby
Elementary
- Parry Sound Public School1.8 km
- École élémentaire publique de la région de Parry Sound French2.2 km
- St. Peter the Apostle School Catholic
EQAO: Gr 6 reading 76%, math 12%2.5 km
Secondary
- Parry Sound High School
EQAO: Gr 9 math 40%, literacy test 69%1.5 km
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area P2A
- Owners / renters
- 76% / 24%
- Median household income
- $73,500
- Average age
- 49
- Children under 15
- 12%
- Homes
- 75% detached, 3% high-rise
- Commute by transit
- 0%
- Population
- 14,695
Languages spoken most at home besides English: Malayalam 0.1%, German 0.1%, Gujarati 0.1%, Ojibway 0.1%.
Safety
Crime Severity Index for West Parry Sound (Parry Sound) (OPP): 100 vs 57 for Ontario (2025).
Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.
Living here
Commute
Noise 1 source nearby
- 🚆 Rail line (Parry Sound Subdivision)50 m
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by ROYAL LEPAGE TERREQUITY REALTY.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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