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Est. payment | -/mo

10 Beds

4 Baths

0.5 Acres Lot

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Est. payment | -/mo

Save

10 Beds

4 Baths

0.5 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision Parry Sound

MLS Listing ID X13533194

Style 2-Storey

Bedrooms 10

Annual Tax Amount $5,215

Tax Year 2025

Lot Size 0.500 Acres

Property Sub-Type Fourplex

Property Description

Exceptional 4 Plex Investment Opportunity in the thriving Town of Parry Sound. Fantastic offering at an 8+ cap rate. This well maintained, purpose built fourplex offers a rare combination of strong income potential, low maintenance ownership, and long term investment stability in the heart of Northern Ontario cottage country. Featuring three spacious 3 bedroom units and one 1 bedroom unit, all separately metered for hydro, this solid asset is ideally positioned close to the hospital, vibrant downtown core, and the breathtaking shores of Georgian Bay. Built in 1991 with notable updates including windows and shingles, this property offers reliable cash flow with established long term tenants already in place. Ample front and rear parking further enhances tenant convenience and desirability. An outstanding opportunity for investors seeking to expand their portfolio with a high performing multi residential asset in a growing and highly desirable community. The building has total 4 units. 3 units are 3 bed room with 13x13 Hall and kitchen; 10x13 Bedroom 1 ; 9.6x12 bedroom 2 9.6x10 bedroom 3. Three units fully renovated in June 2025 with high-quality modern finishes (1) Vinyl flooring installed throughout all units (2) Brand new plumbing and fixtures (3) New kitchen upgrades including cabinets, fridge, stove, and fittings (3) Newly renovated bathrooms with contemporary finishes. Freshly painted interiors throughout (4) New washer and dryer installed (2025) (5) Tenants currently in place (6) All utilities paid by tenants, ensuring efficient operating costs (7) Each unit features a separate private entrance (8) Ample parking with 2- car parking available per unit. One unit is one bedroom: - The tenant is planning to move soon. Can be easily converted to 2 bedroom unit. Increasing rental value.

Location

Province ON

County Parry Sound

Area Parry Sound

Rooms

Family Room No

Basement None

Kitchen 4

Interior

Interior Features None

Cooling None

Exterior

Parking Features Available

Pool None

Roof Type Asphalt Shingle,Shingles

Road Frontage Year Round Municipal Road

Lot Frontage 202.47

Total Parking Spaces 7

Building

Building Age 31-50

Foundation Concrete Block

Others

Senior Community No

ParcelsYN No

Listed by ROYAL LEPAGE TERREQUITY REALTY

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1 Melissa ST Parry Sound, ON P2A 2R4