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$ 995,000
Est. payment /mo
New
1 Melissa ST Parry Sound, ON P2A 2R4
10 Beds
4 Baths
0.5 Acres Lot
UPDATED:
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 X13146372
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. 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 2 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
Basement None
Kitchen 4
Interior
Interior Features None
Cooling None
Inclusions None
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle,Shingles
Road Frontage Year Round Municipal Road
Total Parking Spaces 7
Building
Building Age 31-50
Foundation Concrete Block
Others
ParcelsYN No
Lited by ROYAL LEPAGE TERREQUITY REALTY