1 Melissa Street, Parry Sound, ON P2A 2R4
Parry Sound, ON P2A 2R4
Quick cost estimateKnown monthly subtotal$4,854.78 / monthLand transfer tax $15,475One-time estimate
Quick cost estimate
$4,854.78 / monthKnown monthly subtotal
- Mortgage principal & interest
- $4,420.20
- Property tax / month
- $434.58
- Maintenance / month
- Period / amount not reported
Assumes 20% down, 5% annual interest and 25-year amortization. Illustrative rate, not a current quote.
Unknown expenses excluded. Mortgage insurance and closing costs are excluded; add insurance and utilities in the assumptions.
Land transfer tax · one time
- Transfer tax total
- $15,475
Before rebates, surcharges and fees. Not part of the monthly subtotal.
Tax assumptions & breakdown
Toronto municipal land transfer tax does not apply to this listing outside the City of Toronto.
- Ontario tax
- $15,475
- Toronto municipal tax
- $0
Current purchase scenario, before rebates, foreign-buyer taxes and fees. Confirm residence classification. Not historical tax paid; excluded from the monthly subtotal.
Ontario rates · Toronto rates (April 2026)
Eligible first-time purchasers may qualify for an Ontario land transfer tax refund of up to $4,000. Toronto buyers may also qualify for a separate municipal rebate of up to $4,475. Eligibility varies and these maximums are not guaranteed savings. See official eligibility links and details.
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About this home
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.
Home details
- Days on market
- Not reported
- Property type
- Fourplex
- MLS® number
- X13533194
- Source status
- New
- Bedrooms
- 10
- Bathrooms
- 4
- Postal code
- P2A 2R4
- Kitchens
- 4
- Kitchens above grade
- 4
- Family room / den
- No
- Interior size (reported range)
- 3000-3500
- Lot size
- .50-1.99 acres (reported range)
- Garage parking spaces
- Not reported
- Total parking spaces
- 7
- Occupancy
- Tenant
- Possession type
- 30-59 days
- Garage
- None
- Annual property tax
- 5215
- Basement
- None
- Interior features
- None
- Architectural style
- 2-Storey
- Parking features
- Available
- Pool features
- None
- Fireplace
- No
- Waterfront
- No
- Elevator
- No
- Garage available
- No
- Heating system
- Baseboard
- Heating fuel
- Electric
- Cooling
- None
- Sewer
- Sewer
- Direction facing
- West
- Construction materials
- Brick
- Roof
- Asphalt Shingle, Shingles
- Foundation
- Concrete Block
- MLS entry age (not confirmed DOM)
- 122 days
These details come from the listing source. Please confirm measurements and fees before making a decision.
Utilities and services
- Sewer
- Sewer
- Heating system
- Baseboard
- Heating fuel
- Electric
- Cooling
- None
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Rooms & virtual tours
Loading source-reported room dimensions…
Converted measurements are approximate. Levels and dimensions are shown only when supplied.
- Bedrooms above grade
- 10
- Rooms above grade
- 19
- Den / family room reported
- No
Reported counts are shown independently. Room dimensions have not been inferred from these counts.
Ask the listing brokerage for floor plans and measured room layouts.
Listing dates & price record
- Asking amount
- $950,000
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
Explore sold records with approved VOW access →Nearby homes sold near 1 Melissa Street, Parry Sound, ON P2A 2R4, Parry Sound
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Sign in · Request accessEstimate monthly costs
Adjust the assumptions for your own scenario. Blank expenses are unknown; enter them for a fuller estimate.
Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
Explore affordability & closing-cost tools →Map and neighbourhood
- Region / county
- Parry Sound
- Municipality
- PARRY SOUND
Plan a trip from this home
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Around this property
Schools, transit & everyday places
Published local sources. Distances are approximate straight-line distances, not walking routes.
Filter the records displayed below.
Nearby publicly funded schools
Within 5 km · approximate straight-line distances, not walking routes or attendance eligibility.
School year 2024-2025 · Preliminary · publisher extract 2026-09-14.
École élémentaire publique aux Quatre-Vents
Elementary · JK-8 · French · Public
CS public du Nord-Est de l'Ontario
70 Joseph rue, Parry Sound
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
No published percentages for these measures in this source record.
Parry Sound High School ↗
Secondary · 9-12 · English · Public
School board: Near North DSB ↗
111 Isabella St, Parry Sound
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 9 Mathematics (at provincial standard)
- 40%
- Grade 10 OSSLT (first-attempt pass)
- 69%
TBA - Near North District School Board. (Elementary)
Elementary · JK-8 · English · Public
School board: Near North DSB ↗
111 Isabella Street, Parry Sound
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
No published percentages for these measures in this source record.
Parry Sound Intermediate School School ↗
Elementary · 7-8 · English · Public
School board: Near North DSB ↗
111 Isabella Street, Parry Sound
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
No published percentages for these measures in this source record.
Parry Sound Public School School ↗
Elementary · JK-6 · English · Public
School board: Near North DSB ↗
21 Beatty Street, Parry Sound
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 51%
- Grade 3 Writing (at provincial standard)
- 33%
- Grade 3 Mathematics (at provincial standard)
- 35%
- Grade 6 Reading (at provincial standard)
- 88%
- Grade 6 Writing (at provincial standard)
- 90%
- Grade 6 Mathematics (at provincial standard)
- 51%
St Peter the Apostle School ↗
Elementary · JK-8 · English · Catholic
School board: Simcoe Muskoka CDSB ↗
15 Silver Birch Court, Parry Sound
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 32%
- Grade 3 Writing (at provincial standard)
- 9%
- Grade 3 Mathematics (at provincial standard)
- 9%
- Grade 6 Reading (at provincial standard)
- 76%
- Grade 6 Writing (at provincial standard)
- 68%
- Grade 6 Mathematics (at provincial standard)
- 12%
École secondaire publique aux Quatre-Vents
Secondary · 9-12 · French · Public
CS public du Nord-Est de l'Ontario
1 College Promenade, Parry Sound
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
No published percentages for these measures in this source record.
Confirm programs and attendance with the school board. Private schools and verified catchment boundaries are not included. Contains information licensed under the Open Government Licence – Ontario. Ministry source.
Filter the records displayed below.
Transit near this property
No current nearby stops were returned by the installed TTC, GO Transit and UP Express datasets. Coverage and service dates vary; distances and travel times are not inferred.
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Nearby shops & amenities
No nearby places were returned by the current OpenStreetMap snapshot. Coverage is regional and may be incomplete; verify business details before visiting.
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Similar homes for sale in Parry Sound
Current public IDX listings in the same city and transaction type. These are alternatives to explore, not sold comparables or an appraisal.
Property questions
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Are the measurements and features independently verified?
Measurements, lot details and features are displayed as reported by the listing source or a named public dataset. Missing facts are not inferred. Confirm material details with the listing brokerage.
What do nearby school, transit and shop results mean?
They are nearby records from the displayed source datasets. Distances are approximate straight-line distances; school catchment eligibility, ratings, walking routes, hours and live transit service are not inferred.
Can I see sold prices for nearby properties?
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How should I use the monthly cost estimate?
It is a planning estimate based on the visible assumptions and reported property figures. It is not a lender quote, tax assessment, legal opinion or mortgage approval.
Home and neighbourhood overview
1 Melissa Street, Parry Sound, ON P2A 2R4, Parry Sound is listed for sale as a Fourplex. The listing reports 10 bedrooms, 4 bathrooms, reported interior area of 3000-3500 (units not reported), kitchens reported as 4, parking spaces reported as 7, lot size reported as .50-1.99 acres (reported range). Asking price: $950,000. Occupancy is reported as Tenant. Review the Home details, room measurements and utility sections below to compare reported specifications; confirm important details with the listing brokerage. MLS® X13533194.
The Ministry’s school dataset lists École élémentaire publique aux Quatre-Vents approximately 1.2 km from the property’s mapped location.
Local context
The Ministry’s school dataset lists École élémentaire publique aux Quatre-Vents approximately 1.2 km from the property’s mapped location.
Sources & distance notes
Distances are approximate straight-line estimates to mapped points or area centres. School proximity does not establish attendance eligibility.
Explore the area: Parry Sound.
This overview uses facts reported by the listing and named local sources. Please confirm details with the listing brokerage.
Listing brokerage: ROYAL LEPAGE TERREQUITY REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13533194. Information deemed reliable but not guaranteed.