1 Melissa Street, Parry Sound, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Parry Sound. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $950,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 10 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 3000-3500 sqft on a spacious lot (Feet)
- 7.0 total parking spaces available
- Notable attributes: None
- Efficient baseboard heating via electric
Description
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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Property Summary
This fourplex located at 1 Melissa Street, Parry Sound is currently for sale and has been available on SousaSells for 53 days. This property is listed at $950,000 with an estimated mortgage of $3,162* per month. It has 10 beds, 4 bathrooms, and is 3000-3500 square feet. 1 Melissa Street, Parry Sound is in the Parry Sound neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 10 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in Parry Sound, Parry Sound.
- •10 spacious bedroom layout offering versatile living space
- •4 well-appointed bathrooms
- •3000-3500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Parry Sound, Parry Sound.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Hospital
- School
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 1 Melissa Street, Parry Sound, ON
Q.What is the asking price for 1 Melissa Street, Parry Sound, ON ?
The current listing price for 1 Melissa Street, Parry Sound, ON in Parry Sound, Parry Sound is $950,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 10 bedrooms and 4 bathrooms across approximately 3000-3500 sqft.
Q.What property type and architectural style is 1 Melissa Street, Parry Sound, ON ?
1 Melissa Street, Parry Sound, ON is a Fourplex (2-Storey) featuring a None basement.
Q.What key property features does 1 Melissa Street, Parry Sound, ON offer?
Key property features include: Hospital, School.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 7.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via None.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Parry Sound, Parry Sound
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1 Melissa Street, Parry Sound, ON P2A 2R4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Parry Sound, ON
For a property listed at $950,000 in Parry Sound, the legal minimum down payment is $70,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $15,475 for this transaction. As this listing is in Parry Sound (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $15,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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