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$1,595,000

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8 Beds

6 Baths

Price Dropped by $105K

47 Gibson ST Parry Sound, ON P2A 1X1

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Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Parry Sound

MLS Listing ID X12021198

Style Backsplit 4

Bedrooms 8

Annual Tax Amount $7,996

Tax Year 2025

Property Sub-Type Fourplex

Property Description

In the heart of Parry Sound, 47 Gibson Street is a historic 4-unit building that beautifully combines rich heritage with artistic flair. Great care was taken during a full 2020 gutting and renovation where all wiring, plumbing, windows, appliances, and studs were replaced or reinforced. As much of the original character as the local building inspector allowed was retained to create a true one-of-a-kind "shabby chic" building, such as the original 1898 pine floors. This unique property offers an unparalleled opportunity for those seeking both charm and potential. The building is steeped in history, with each of its well-appointed units featuring distinctive architectural elements and artistic details that highlight the area's cultural significance. From the moment you step inside, you're greeted by a sense of warmth and character that is hard to find elsewhere. The location of this property is a true standout, situated in one of the most desirable areas of Parry Sound, with easy access to local amenities, charming shops, and stunning waterfront views. The main floor is wheelchair accessible. The 2 sunrooms are off the Carmichael and Thomson units. All four units are equipped with HRVs. The vibrant downtown scene is just a short walk away, providing residents and tenants with the perfect mix of quiet residential living and proximity to everything this picturesque town has to offer. Whether you're looking to preserve the building's artistic history or capitalize on a promising investment, 47 Gibson Street offers incredible potential. With a combination of historic charm, a prime location, and strong investment appeal, this property is a rare gem in a thriving community. SQFT- 2300 per floor, as well as 2200 in the lower level (basement). The basement not only has 1 unit but has an entrance via the stairs as well as a walk-out into the backyard. The lower level also has a storage room equipped with all of the electrical panels. Brand new solar battery array 50k value.

Location

Province ON

County Parry Sound

Community Parry Sound

Area Parry Sound

Rooms

Family Room Yes

Basement Apartment, Walk-Out

Kitchen 6

Interior

Interior Features Accessory Apartment, Carpet Free, Generator - Full, Guest Accommodations, In-Law Capability, In-Law Suite, Separate Heating Controls, Separate Hydro Meter, Solar Owned, Storage, Upgraded Insulation, Water Heater Owned, Water Meter

Cooling Wall Unit(s)

Fireplace No

Heat Source Electric

Exterior

Parking Features Available

Pool None

Roof Type Metal

Lot Frontage 35.0

Lot Depth 132.0

Total Parking Spaces 4

Building

Foundation Concrete, Insulated Concrete Form, Stone, Brick

Listed by RE/MAX Parry Sound Muskoka Realty Ltd

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Operator

+1(647) 296-5605

47 Gibson ST Parry Sound, ON P2A 1X1

System Administrator

Key Details

Location

Rooms

Interior

Exterior

Building

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47 Gibson ST