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Royal LePage
Royal LePage
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$1,389,000

Parry Sound ON, P2A 1X1

MLS® # X12021198

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Air Conditioning: Yes
  • Amenities: Separate Heating Controls, Separate Hydro Meters
  • Basement Type: N/A, N/A
  • Construction Status: Insulation upgraded
  • Construction Style - Split Level: Backsplit
  • Exterior Finish: Steel
  • Floor Space: 3500 - 5000 sqft
  • Foundation Type: Concrete, Stone
  • Utility Power:
  • Heating Type: Heat Pump, Not known
  • Heating Fuel: Electric, Electric
  • Cooling Type: Wall unit
  • Appliances: Water meter

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 8
  • Bathrooms: 6
  • Features: Carpet Free, Guest Suite, Solar Equipment
  • Floor Space (approx): 3500 - 5000 Square Feet
  • Irregular: Yes
  • Lot Depth: 132.0 Feet
  • Lot Frontage: 35.0 Feet
  • Lot Size: 35 x 132 FT
  • Zoning: C1
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

Courtesy of: RE/MAX Parry Sound Muskoka Realty Ltd

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 47 GIBSON STREET, Parry Sound, Ontario, P2A 1X1

Demographic Information of 47 GIBSON STREET, Parry Sound, Ontario, P2A 1X1

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$98,119.41

Average Number of Children

1.57

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.32 %

High school certificate or equivalent

30.53 %

Apprenticeship trade certificate/diploma

8.53 %

College/non-university certificate

21.94 %

University certificate (below bachelor)

0.3 %

University Degree

18.38 %

Commuter

Travel To Work

By Car

78.17 %

By Public Transit

0.0 %

By Walking

19.08 %

By Bicycle

0.0 %

By Other Methods

2.75 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.18 %

Houses

58.82 %

Own Vs. Rent

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