42 days on market
 $1,595,000
For Sale

47 Gibson St
Price Change

Parry Sound, Parry Sound

8+null Bed|6 Bath|Yes|42 days on market

$17,000,000$1,595,000

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Home Details

Taxes
$667 / month
Total Parking Spots
4
Driveway
Available
Garage Spaces
NaN
Furnished
No
Lot Size
35 x 132 Feet
Move-in Date
Flexibe
Hydro Included
No
Heating
Heat Pump
Water Included
No
Family Room
Yes
Basement
Apartment, W/O
Fireplace
N
Air Conditioning
Wall Unit
Central Vaccum
No
Exterior
Metal/Side
Zoning
C1
Sewer
Sewers
Property Type
Fourplex
Style
Backsplit 4
Status
Price change
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Listing 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.

Property History

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Listing DateDOMList PriceSold PriceEventMLS ID
Feb 1, 2024N/A$175,000N/ASoldX11516040

Rooms

Room dimensions for 47 Gibson St, Parry Sound
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Market Trends and Insights

Mortgage Calculator

Your estimated monthly payment for 47 Gibson St is 84473

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Ammortization

Down Payment

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Total Mortgage


Purchase Price$17000000
Down Payment$3400000
Mortgage Insurance$0
Total Mortgage$13600000

Monthly Payment


Mortgage Payment$83807
Property Taxes$666
Maintenance Fees$0
Monthly Payment$84473
$84473
monthly

About 47 Gibson St, Parry Sound

Located at 47 Gibson St , this Parry Sound house is available for sale. This property was listed for $1,595,000 on Tue Apr 15 2025. This house's size is 3500-5000 Sqft. It has 8 bedrooms and 6 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 4 parking spots. 47 Gibson St, Parry Sound is situated in the Parry Sound neighbourhood.


MLS#: X12021198 · $1,595,000 · 8 bedroom house in Parry Sound, Parry Sound