$995,000
FOR SALE

Fourplex 2-Storey

Bedrooms: 10Bathrooms: 4Lot: 202.47 x 0 ft
2025 Taxes: $5,215

1 Melissa St
Parry Sound, ON P2A 2R4

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.
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Listed By ROYAL LEPAGE TERREQUITY REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13146372
Last Updated May 22, 2026
Property Summary
Property Type Fourplex

More like this:
PIN 521840107
Legal Description PT LT 28 S/S PARRY SOUND RD PL 96 AS IN RO169832; PARRY SOUND
Possession Date 60-90 days
Taxes (2025) $5,215
Directions/Cross Streets Hwy 400 to Bowes St to Forest St to Parry Sound Rd, right to Melissa St (left) on corner
Neighbourhood Parry Sound
Area Parry Sound
Price History

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Detailed Information
Fronting On West
Special Designations Unknown
Bedrooms 10
Bathrooms 4
Lot 202.47 x 0 ft
Exterior Brick
Air Conditioning None
Garage Type None
Parking Spaces 7
Heat Source Electric
Heat Type Baseboard
Sewers Sewer

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