$599,900
↓ $25,100 from $625,000
Est. payment $2,656/moCalculate yours
105 Gibson Street, Parry Sound, ON P2A 1X6
Parry Sound, Parry Sound, ON P2A 1X6
- 5 Beds
- 4 Baths
- 2,500 Sq Ft
Listing courtesy of RIGHT AT HOME REALTY MLS® X13075114
About this home
NEW PRICE! Investors, check this out! Welcome to 105 Gibson Street, a solid 4-plex investment chance right in the heart of Parry Sound, one of Canada’s fastest-growing communities. This fully rented property includes four self-contained units - two 1-bedroom suites, one 2-bedroom suite with laundry, and one studio apartment - all currently on month-to-month leases.Each unit has separate hydro meters, so tenants handle their own utility costs, while the landlord pays for water and sewage. Floor plans with room sizes are included in the attachments.With steady cash flow, reliable tenants, and a spot in a growing market, this property is a great option for investors wanting to add a turnkey, income-generating asset to their portfolio.
Property details
Overview
- Property Type
- Fourplex
- Style
- 2-Storey
- For
- For Sale
- Status
- Price Change
- Approximate Age
- 100+
- Size
- 2,500 sqft
Interior
- Bedrooms
- 5
- Bathrooms
- 4
- Kitchens
- 4
- Basement
- Unfinished
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- None
- Exterior
- Vinyl Siding
- Foundation
- Concrete Block, Stone
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 66 x 330 Feet
- Parking
- None garage · 6 total
- Zoning
- R2-Residential Second Density w/provision SP-26.64
Financial
- Property Taxes
- $4,651 (2025)
Location
- Neighbourhood
- Parry Sound
- Cross Street
- Gibson and Cascade Streets
- Direction Faces
- East
Listing
- MLS® Number
- X13075114
- Days on Market
- 169
- Listed On
- 2026-05-02
- Possession
- TBA
- Listed By
- RIGHT AT HOME REALTY
Features
Interior
- None
Pool
- None
- Included
- All existing appliances in all units.
- Excluded
- All tenant belongings.
- Rental items
- 4 Hot Water Tanks - rental approximately $1100 per year
Mortgage calculator
Estimated mortgage payment
$2,656 per month
- Principal and interest
- $2,656
- Property tax
- $388
- Condo fees
- $0
- Estimated monthly cost
- $3,044
Your mortgage
- Mortgage amount
- $479,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $316,948
Cash to close
- Down payment
- $119,980
- Land transfer tax
- $8,473
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $128,453
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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