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$599,900
Parry Sound
105 Gibson Street, Parry Sound, Ontario, P2A1X6
This multi-family property in Parry Sound is for sale offering roughly 2,750 sq ft of space.
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. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 186 days on market, against an average age of 113 days across the listings currently for sale in this city
This 5-bed multi-family in Parry Sound is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $599,900, about 8.2× the local median household income of $73,500.
Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 59% above the area median.
Source: Statistics Canada, 2021 Census (FSA P2A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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