0 Meadow Street, Parry Sound, ON

$999,950
MLS#:X12628626
0 beds
0 baths
Residential Freehold
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Property Highlights

Welcome to this remarkable vacant land located in the coveted neighborhood of Parry Sound. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $999,950 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.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 264 x 310.2 ft lot size

Description

Discover an outstanding development opportunity with this prime 1.88-acre R3-H (high-density residential) vacant lot, ideally located at the corner of Meadow Street and Beaver Street in the Town of Parry Sound. This rare offering sits within walking distance to the new West Parry Sound Health Centre, downtown shopping, and the sparkling shores of Georgian Bay, making it an unbeatable location for a wide range of projects. Zoned R3-H, this versatile property supports a variety of potential uses including townhouses, fourplex, apartment building, retirement residence, and more. Endless possibilities for investors and builders looking to create much-needed housing or mixed-use space in a high-demand area. Buyers are encouraged to contact the Township directly to verify and discuss permitted uses and explore specific development concepts. All town services, including municipal water, sewer, natural gas and hydro-are available at the road, simplifying the planning process and reducing infrastructure costs.As a unique bonus, the seller is offering a VTB option (Vendor Take-Back Mortgage) and is open to a Build-to-Suit arrangement, providing excellent flexibility for qualified buyers.Whether you're envisioning multi-residential development or a custom-built project, this property delivers location, convenience, and opportunity in one of Parry Sound's most desirable growth areas. Don't miss your chance to secure a strategic piece of land in a thriving Northern Ontario community!

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Key Features

000
Property Type
Residential Freehold

Additional Details

StatusExtension
Listed Date12/11/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeVacant Land
Lot Size264 × 310.2 Feet
CountyParry Sound
Annual Tax$2,067
Legal DescriptionLOTS 32-39 PLAN 124 EXCEPT RO61107 (SECONDLY) DISTRICT OF PARRY SOUND

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Features

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Location

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0 Meadow 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 0 Meadow Street, Parry Sound, ON P2A 2R1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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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$74,995 (7.5%)
* Minimum Canadian down payment required for this price is $74,995.
Amortization Period25 Years
Estimated Monthly Payment$5,512Based on a loan of $924,955 over 25 years.
Purchase Price$999,950
Loan Amount$924,955
Provincial Land Transfer Tax:$16,474
Total Estimated Closing Taxes:$16,474

About Purchasing a Home in Parry Sound, ON

For a property listed at $999,950 in Parry Sound, the legal minimum down payment is $74,995 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 $16,474 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 $16,474.

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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

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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.