About this property

Exceptional Investment Opportunity! Own a 5-Plex in the thriving community of Parry Sound, one of Ontario's most desirable destinations on the shores of Georgian Bay. Ideally situated just minutes from the vibrant downtown core, famed 30,000 Islands, marinas, parks, trails, shops, restaurants, and year-round amenities. This income-producing property with more than 8.5% cap rate, features a desirable unit mix consisting of two spacious 2-bedroom units and three well-appointed 1-bedroom units, offering strong rental appeal and diversified income potential. The building is serviced by both gas and electric heating systems, with separate hydro meters for each tenant, helping to minimize operating expenses. The property offers approximately 3,200 sq. ft. of above-grade living space and includes an unfinished basement providing excellent storage. The building is completely carpet-free, offering low-maintenance living for tenants and owners alike. The building has more than 6 large open car parking spots. Situated on a rare oversized lot with potential for future development (buyer to conduct their own due diligence), this property presents both immediate cash flow and long-term growth opportunities. Located in a high-demand rental market and serving as a gateway to Georgian Bay and Northern Ontario recreation, this is an exceptional opportunity for investors seeking stable income, strong tenant demand, and future upside in one of Ontario's most sought-after communities.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13446120
Status	Active
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	3,000 sq ft
Beds / Baths	6 bed · 4 bath
Neighbourhood	Parry Sound
City	Parry Sound
Postal Code	P2A 1W7
Province	ON
Listed Date	June 15, 2026
Days on Market	52
Price per Sq Ft	$400
Brokerage	ROYAL LEPAGE TERREQUITY REALTY