5 Bedroom
4 Bathroom
21,711 sqft
None
Baseboard Heaters
$599,900
**Investors Take Note! Four Units, Established Rental Income, and Excellent Investment Potential!** Welcome to 105 Gibson Street, a fully tenanted fourplex ideally located in the heart of Parry Sound, one of Canada's fastest-growing communities. This income-producing property offers four self-contained units: two 1-bedroom apartments, one 2-bedroom suite with laundry, and one studio apartment, all rented on month-to-month agreements. Separate hydro meters allow tenants to pay their own electricity costs, helping minimize landlord expenses, while water and sewage remain the owner's responsibility. With established rental income, reliable tenants, diversified rental units, and potential for future rental growth, this property offers investors an attractive opportunity to build equity and expand their real estate portfolio. Floor plans with room measurements are available in the attachments. **A turnkey investment opportunity with immediate income and long-term potential!** (id:53603)
Business
|
Business Type
|
Residential |
|
Business Sub Type
|
Apartments |
Property Details
|
MLS® Number
|
X14161598 |
|
Property Type
|
Multi-family |
|
Community Name
|
Parry Sound |
|
Equipment Type
|
Water Heater |
|
Features
|
Irregular Lot Size |
|
Parking Space Total
|
6 |
|
Rental Equipment Type
|
Water Heater |
Building
|
Bathroom Total
|
4 |
|
Bedrooms Total
|
5 |
|
Age
|
100+ Years |
|
Cooling Type
|
None |
|
Heating Type
|
Baseboard Heaters |
|
Size Exterior
|
2017 M2 |
|
Size Interior
|
21,711 Sqft |
|
Type
|
Multi-family |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Size Depth
|
330 Ft |
|
Size Frontage
|
66 Ft |
|
Size Irregular
|
0.498 |
|
Size Total
|
0.498 Ac |
|
Size Total Text
|
0.498 Ac |
|
Zoning Description
|
R2-residential Second Density W/provision Sp-26.64 |
https://www.realtor.ca/real-estate/30492894/105-gibson-street-parry-sound-parry-sound
