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Wednesday, August 12th, 2026

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$950,000
Available - For Sale
Listing ID: X13533194
Exceptional 4 Plex Investment Opportunity in the thriving Town of Parry Sound. Fantastic offering at an 8+ cap rate. 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 3 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.
Price $950,000
Taxes: $5,215
Occupancy by: Tenant
Address: 1 Melissa Street , Parry Sound, P2A 2R4, Parry Sound
Acreage: .50-1.99
Directions/Cross Streets: Hwy 400 to Bowes St to Forest St to Parry Sound Rd, right to Melissa St (left) on corner
Rooms: 19
Bedrooms: 10
Bedrooms +: 0
Washrooms: 4
Family Room: F
Basement: None
No. of Pieces Level
Washroom 1:  4 Sub-Base
Washroom 2:  4 Sub-Base
Washroom 3:  4 Main
Washroom 4:  4 Main
Washroom 5:  0
Washroom 6:  4 Sub-Base
Washroom 7:  4 Sub-Base
Washroom 8:  4 Main
Washroom 9:  4 Main
Washroom 10:  0
Washroom 11:  4 Sub-Base
Washroom 12:  4 Sub-Base
Washroom 13:  4 Main
Washroom 14:  4 Main
Washroom 15:  0
Property Type: Fourplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Available
Drive Parking Spaces: 7
Park #1
Parking Type: Available
Park #2
Parking Type: Available
Pool: None
Approximatly Age: 31-50
Approximatly Square Footage: 3000-3500
Property Features: Hospital
School
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
Utilities-Cable: N
Utilities-Hydro: Y
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ROYAL LEPAGE TERREQUITY REALTY

1 Melissa Street , Parry Sound, P2A 2R4, Parry Sound

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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At a Glance:
Type: Freehold - Fourplex
Area: Parry Sound
Municipality: Parry Sound
Neighbourhood: Parry Sound
Style: 2-Storey
Lot Size: x 0.00(Feet)
Approximate Age: 31-50
Tax: $5,215
Maintenance Fee: $0
Beds: 10
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com