12 Gibson Street, Parry Sound, ON P2A 1W7
Parry Sound · Near 12 Gibson Street, Parry Sound · View map
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.
The home
- Type
- Fourplex
- Style
- 2-Storey
- Square footage
- 3000-3500 sq ft
- Bedrooms
- 6
- Bathrooms
- 4
- Kitchens
- 5
- Rooms
- 16
- Basement
- None
- Lot size
- 65.9 x 264 ft
- Faces
- East
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Carbon Monoxide Detectors, Smoke Detector
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Baseboard
- Fireplace
- No
Garage & parking
- Driveway spaces
- 6
- Total parking
- 6
- Parking features
- Available
Taxes & other
- Property taxes
- $5,738/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- 12 Gibson Street, Parry Sound
- Neighbourhood
- Parry Sound
More
- Price per sq ft
- ~$369 (at 3,250 sq ft)
- MLS® number
- X13446120
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The home and its surroundings
- Carpet Free
- Separate Hydro Meter
- Place Of Worship
- School
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
12 Gibson Street, Parry Sound, ON P2A 1W7
Parry Sound · Near 12 Gibson Street, Parry Sound
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Listing history for 12 Gibson Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 12 Gibson Street
Answers come straight from this home’s MLS® listing.
How much is 12 Gibson Street listed for, and what would it cost each month?
12 Gibson Street is listed for $1,200,000. With 20% down ($240,000), the mortgage payment would be roughly $4,840 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,319 a month, all in. That figure is an illustration, not a quote.
Is 12 Gibson Street freehold or a condo, and is there a monthly fee?
12 Gibson Street is a fourplex in Parry Sound. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 12 Gibson Street have?
12 Gibson Street has 6 bedrooms and 4 bathrooms. The listing gives the style as 2-storey.
Does 12 Gibson Street have a garage and parking?
The listing does not show a garage. The driveway adds 6 spaces. In total the listing counts 6 parking spaces.
Does 12 Gibson Street have a finished basement?
No. The listing shows no basement for this home.
What style of home is 12 Gibson Street?
12 Gibson Street is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 12 Gibson Street, and what is the lot size?
The listing puts the home between 3,000 and 3,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 65.9 x 264 ft.
How is 12 Gibson Street heated and cooled?
Heating is baseboard (electric). The listing does not show air conditioning.
What are the property taxes for 12 Gibson Street?
Property taxes are $5,738 a year (2025), or about $478 a month.
Where is 12 Gibson Street?
12 Gibson Street is in Parry Sound. The nearest main intersection is 12 Gibson Street, Parry Sound. The postal code is P2A 1W7.
Is 12 Gibson Street still for sale?
Yes. It is an active listing (MLS® X13446120). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 12 Gibson Street asking?
Similar properties for sale nearby right now include 30 Hanna Road at $899,000 (5 bed), 1 Melissa Street at $950,000 (10 bed) and 131 William Street at $1,195,000 (3+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 12 Gibson Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 12 Gibson Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Parry Sound, picked by style, size and price.
Triplex$899,00030 Hanna Road, Parry Sound5 bed · 3 bath · Parry SoundCourtesy of: Royal LePage Team Advantage RealtyView home →
Fourplex$950,0001 Melissa Street, Parry Sound10 bed · 4 bath · Parry SoundCourtesy of: ROYAL LEPAGE TERREQUITY REALTYView home →
Detached home$1,195,000131 William Street, Parry Sound3+2 bed · 4 bath · Parry SoundCourtesy of: Corcoran Horizon RealtyView home →Courtesy of: ROYAL LEPAGE TERREQUITY REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.