$1,595,000
9.81 BTC
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47 Gibson Street, Parry Sound
$1,595,000
PRICE
8
BEDROOMS
6
BATHROOMS
X12021198
MLSID

47 Gibson Street, Parry Sound

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.
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Summary

Address
47 Gibson Street
Community
MLSID
X12021198
Property Type
Fourplex
Property Category
Bedrooms
8
Bathrooms
6
Kitchens
6
Zoning
C1
Taxes (Annual)
$7,996.00
Tax Year
2025
Published
March 15, 2025
Days on Market
155 Days
Possession Type
Flexible
Possession Details
Flexibe
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Exclusions

Specific items of the sellers choosing.

Details

Bathroom 1
4-Piece Second Level
Bathroom 2
4-Piece Ground Level
Bathroom 3
3-Piece Basement Level
Parking Spaces
4
Parking Total
4
Parking Features
Available
Architectural Style
Backsplit 4
Roof
Metal
Construction Materials
Metal/Steel Siding
Lot Size
4,620
Lot Width
35 Feet
Lot Depth
132 Feet
Water
Municipal
Heat Source
Electric
Heat Type
Heat Pump
New Construction
No
Occupant Type
Owner+Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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