Parry Sound, ON
$950,000
- 10
- 4
- 3000-3500 sqft
1 Melissa Street, Parry Sound, ON P2A 2R4
Parry Sound, ON
Parry Sound, ON
$950,000
10 bed
4 bath
3000-3500 sqft
Selling
Added 1 week ago
1 View
Overview
Type:
Fourplex, Residential Freehold
Bedrooms:
10
Bathrooms:
4
Square:
3000-3500 sqft
MLS Number:
X13533194
Listing Brokerage:
ROYAL LEPAGE TERREQUITY REALTY
Co-Listing Brokerage:
ROYAL LEPAGE TERREQUITY REALTY
Listed On:
Jul 7, 2026 (112 days ago)
Last Updated:
Jul 7, 2026 (112 days ago)
1 Melissa Street, Parry Sound, ON P2A 2R4 - About this home
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.
This Fourplex located at 1 Melissa Street, Parry Sound, ON P2A 2R4 is currently for sale and has been available at Kash Invest for 112 days. This property, in the city of Parry Sound and Parry Sound neighborhood, is listed at $950,000 with an estimated mortgage of $4,443* per month. It has an area of 3000-3500 sqft with 10 beds and 4 BR. Waterfront Communities C1, Weston and Bradford are nearby neighbourhoods.
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Amenities and features
- None
Facts and Features
Property
Status:
Active
Property Type:
Residential Freehold
Property Sub Type:
Fourplex
Transaction Type:
For Sale
Style:
2-Storey
Approximate Age:
31-50
Area:
Parry Sound
Community:
Parry Sound
Occupant Type:
Tenant
Possession Type:
30-59 days
Cross Street:
Hwy 400 to Bowes St to Forest St to Parry Sound Rd, right to Melissa St (left) on corner
Listed On:
2026-07-07
Last Modified:
2026-07-07
MLS Number:
X13533194
Listing Brokerage:
ROYAL LEPAGE TERREQUITY REALTY
Co-Listing Brokerage:
ROYAL LEPAGE TERREQUITY REALTY
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FAQs About 1 Melissa Street, Parry Sound, ON P2A 2R4, Parry Sound
1 Melissa Street, Parry Sound, ON P2A 2R4 is a fourplex, residential freehold development located at 1 Melissa Street, Parry Sound, ON P2A 2R4.
1 Melissa Street, Parry Sound, ON P2A 2R4 offers a wide array of amenities including None.
Selling