$950,000
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1 Melissa Street, Parry Sound, ON P2A2R4

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10 Beds
4 Baths
- Sq Ft

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. (id:58753)

Listing By: MAXIM MENDES - ROYAL LEPAGE TERREQUITY REALTY
Source: CREA #X13533194 Listing provided courtesy of Canadian Real Estate Association
  • MLS® X13533194
  • Date Listed07/07/2026
  • Days on Realty 83 Days
  • Bedrooms 10
  • Bathrooms 4 baths
  • Lot Size -
  • Sewer Other
  • Property Type Quadruplex
  • Water Public

Interior Features

  • Cooling None
  • Heating Baseboard heaters, Electric

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Irregular lot size, Open space, Flat site

Directions

Hwy 400 to Bowes St to Forest St to Parry Sound Rd, right to Melissa St (left) on corner

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for P2A2R4

Discover key demographics, population statistics, and environmental insights for the Parry Sound, ON area.

Walkability in ON / P2A2R4

Source: Walk Score

42/100

Car-Dependent

Walk Score ®

0/100

Minimal Transit

Transit Score ®

40/100

Bikable

Bike Score ®

Overview

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 9/100, Transit Score: 0/100, Bike Score: 16/100.

Points of Interest near 1 MELISSA STREET, Parry Sound, ON P2A2R4

Frequently Asked Questions for 1 MELISSA STREET

Source: Realty.com

1 MELISSA STREET, Parry Sound, ON P2A2R4 in Parry Sound, ON P2A2R4 is a quadruplex listed at $950,000. Highlights include 10 bedrooms, 4 bathrooms. Realty.ca has 17 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 17 photos of 1 MELISSA STREET.

The full address for this home is 1 MELISSA STREET, Parry Sound, ON P2A2R4.

1 MELISSA STREET has been listed on Realty.com since Tue July 07, 2026

Most errands require a car. It is possible to get on a bus. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 9/100, Transit Score: 0/100, Bike Score: 16/100.

Listing provided courtesy of: ROYAL LEPAGE TERREQUITY REALTY
Listing agent: MAXIM MENDES

This content last refreshed on 2026-09-28 05:20:15. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.