98 Gibson Street, Parry Sound, ON

$599,000
MLS#:X13489896
3 beds
2 baths
1500-2000 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Parry Sound. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $599,000 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.

  • 3 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 65.92 x 131.14 ft lot
  • Features a full, unfinished, separate entrance, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Accessory Apartment, Sump Pump, Water Heater Owned
  • Efficient baseboard heating via electric

Description

SOLD FIRM - PENDING DEPOSIT. 98 Gibson Street - A Versatile Multi-Unit Property in the Heart of Parry Sound. Featuring two private, independently accessed main-floor units 98 Gibson Street offers flexibility for investors, multi-generational families or those looking for a property with room to grow. The spacious 2-bedroom, 1-bath unit includes a kitchen, living room and large dining room. The 1-bedroom unit features an open kitchen and dining area and a comfortable living room. Both apartments enjoy an abundance of natural light throughout. Each unit has its own entrance, 4-piece bathroom, separate hydro meter and separate water heater. The unfinished upper level spans approximately 1,900 sq ft, offers two access points and a walkout to a second-storey deck presenting potential for a future third unit. The property is zoned R2, allowing for a variety of residential uses and features 3 separate sub-panels, including one dedicated to the upper level. Basement laundry hook-up is accessible to both units via a dedicated exterior side entrance. Situated on a 0.2-acre lot with a generously sized fenced backyard, the property is centrally located within walking distance of downtown Parry Sound, schools, grocery stores, parks, beaches and trails. Vacant possession is available - move in, invest or build on the potential. The next chapter for this property is yours to write.

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
2
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 29, 2026
Sold price information is available to members only
Listed Date6/25/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDuplex
Architectural Style2-Storey
ConstructionVinyl Siding
BasementFull, Unfinished, Separate Entrance, Walk-Up
Lot Size65.92 × 131.14 Feet
CountyParry Sound
Annual Tax$4,739.88
Legal DescriptionPT LT 23 E/S CHRUCH ST PL 22 AS IN RO37813; PARRY SOUND

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingNone

Features

Property Features

Beach, Golf, Hospital, Library, Park, School

Interior Features

Accessory Apartment, Sump Pump, Water Heater Owned

Security Features

Smoke Detector

Community Features

Location

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98 Gibson Street, Parry Sound, ON
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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 98 Gibson Street, Parry Sound, ON P2A 1X5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Parry Sound.

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Interest Rate5.25%
Down Payment$34,900 (5.8%)
* Minimum Canadian down payment required for this price is $34,900.
Amortization Period25 Years
Estimated Monthly Payment$3,362Based on a loan of $564,100 over 25 years.
Purchase Price$599,000
Loan Amount$564,100
Provincial Land Transfer Tax:$8,455
Total Estimated Closing Taxes:$8,455

About Purchasing a Home in Parry Sound, ON

For a property listed at $599,000 in Parry Sound, the legal minimum down payment is $34,900 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 $8,455 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 $8,455.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Parry Sound, Parry Sound.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$610,693

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.