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Business For Sale · Multifamily

105 GIBSON STREET, Parry Sound

105 GIBSON STREET, Parry Sound, ON P2A1X6

$599,900 total

2,017 SF

Asset Class

Multifamily

Size

2,017 SF

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

$297

Occupancy

95%

Lot Size

0.498 ac

About this property

**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:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$600K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$30K

Annual cash flow

$-3K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Aurora Legal LLP1,116 SF2027-12
Aurora Legal LLP468 SF2027-12
Aurora Legal LLP400 SF2027-12

Area demographics

Trade area within 3 miles of the property.

Population

90,389

Households

31,733

Median income

$80,500

Median age

40.6

Daytime population

109,146

5-yr growth

4.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 105 GIBSON STREET, Parry Sound.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.