47 Gibson Street, Parry Sound, ON

$1,290,000
MLS#:X12925560
8 beds
6 baths
3500-5000 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Parry Sound. Expertly crafted featuring premium metal/steel siding construction, this residence presents an exceptional opportunity offered at $1,290,000 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.

  • 8 Bedrooms and 6 Bathrooms with 6 functional kitchens
  • Generous living space spanning 3500-5000 sqft on a premium 35 x 132 ft lot
  • Features a apartment, finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Carpet Free
  • equipped with wall unit(s) central cooling and highly efficient baseboard heating via electric

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.

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Key Features

Bedrooms
8
Bathrooms
6
Kitchens
6
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusPrice Change
Listed Date3/26/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionMetal/Steel Siding
BasementApartment, Finished with Walk-Out
Lot Size35 × 132 Feet
CountyParry Sound
Annual Tax$7,996
Legal DescriptionPT LT 4 E/S GIBSON ST & N/S SEGUIN ST PL 2 AS IN RO80256; S/T & T/W RO80256; S/T RO156178; DISTRICT OF PARRY SOUND

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingWall Unit(s)

Features

Property Features

Interior Features

Carpet Free

Security Features

Security System

Community Features

Location

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47 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 47 Gibson Street, Parry Sound, ON P2A 1X1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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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$258,000 (20.0%)
* Minimum Canadian down payment required for this price is $258,000.
Amortization Period25 Years
Estimated Monthly Payment$6,150Based on a loan of $1,032,000 over 25 years.
Purchase Price$1,290,000
Loan Amount$1,032,000
Provincial Land Transfer Tax:$22,275
Total Estimated Closing Taxes:$22,275

About Purchasing a Home in Parry Sound, ON

For a property listed at $1,290,000 in Parry Sound, the legal minimum down payment is $258,000 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 $22,275 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 $22,275.

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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.