$625,000

105 GIBSON STREET, Parry Sound, Ontario, P2A 1X6

MLS® # X13075114

Parry Sound ON, P2A 1X6

MLS® # X13075114

Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Basement Development: Unfinished
Basement Type: N/A
Exterior Finish: Vinyl siding
Floor Space: 2500 - 3000 sqft
Foundation Type: Block, Stone
Heating Type: Baseboard heaters
Heating Fuel: Electric
Cooling Type: None
Appliances: Water meter

Property Features:

Property Type: Multi-family
Bedrooms: 5
Bathrooms: 4
Features: Irregular lot size
Floor Space (approx): 2500 - 3000 Square Feet
Irregular: Yes
Lot Depth: 330 Feet
Lot Frontage: 66 Feet
Lot Size: 66 x 330 FT
Utility Type: Cable - Available, Hydro - Installed, Sewer - Installed
Zoning: R2-Residential Second Density w/provision SP-26.64
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 6

Courtesy of: RIGHT AT HOME REALTY

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⚠ Potential Investment Performance

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Market Price Trends

Location of 105 GIBSON STREET, Parry Sound, Ontario, P2A 1X6

Lifestyle
Neighbourhood

Demographic Information of 105 GIBSON STREET, Parry Sound, Ontario, P2A 1X6

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$93,783.35

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.81 %

High school certificate or equivalent

31.15 %

Apprenticeship trade certificate/diploma

10.07 %

College/non-university certificate

23.54 %

University certificate (below bachelor)

0.43 %

University Degree

17.0 %

Commuter

Travel To Work

By Car

82.17 %

By Public Transit

0.0 %

By Walking

16.84 %

By Bicycle

0.0 %

By Other Methods

0.99 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

32.04 %

Houses

67.96 %

Own Vs. Rent