1 Melissa Street

ActiveParry Sound · Parry Sound30 days on marketMLS® X13533194

$950,000

$317 / sq ft

Bedrooms10

Bathrooms4

Interior3,000 sq ft

TypeMulti-Family

ListingFor Sale

Days on Market30

About this property

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.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X13533194
Status	Active
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	3,000 sq ft
Beds / Baths	10 bed · 4 bath
Neighbourhood	Parry Sound
City	Parry Sound
Postal Code	P2A 2R4
Province	ON
Listed Date	July 7, 2026
Days on Market	30
Price per Sq Ft	$317
Brokerage	ROYAL LEPAGE TERREQUITY REALTY