21 River Street, Parry Sound, ON

$875,000
MLS#:X11915189
18 beds
7 baths
5000 + sqft
6.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["3-Storey"] multiplex located in the coveted neighborhood of Parry Sound. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $875,000 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.

  • 18 Bedrooms and 7 Bathrooms with 2 functional kitchens
  • Generous living space spanning 5000 + sqft on a premium 65 x 164 ft lot
  • Features a ["apartment", "walk-up"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available
  • Notable attributes: Separate Heating Controls
  • equipped with ["none"] central cooling and highly efficient baseboard heating via electric

Affordable and Versatile Multi-Family Property in Parry Sound. This 23-room rooming house offers an unbeatable investment opportunity for families, retirees, or first-time investors. Located on a level lot with room for parking expansion, the property ensures added convenience for tenants and visitors alike. Enjoy the benefits of downtown living this property is just a short walk to shops, restaurants, and other amenities. Perfect for multi-generational living or as a cash-flow investment, it offers the flexibility to live in one unit while renting out others. Property Highlights: Top Floor: 7 rooms, 2 bathrooms (1 three-piece, 1 four-piece)Second Floor: 9 rooms, 2 bathrooms (1 three-piece, 1 four-piece)First Floor: 6 rooms, 2 bathrooms, kitchen area, and storage area Basement: Spacious kitchen, dining, living area, bedroom combo, and a 4-piece bath. Bonus: walk-up attic potential loft. With a vibrant community, room for growth, and strong income-generating potential, this property is a smart choice for anyone looking to invest in Parry Sounds thriving market. Schedule your viewing today!

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Key Features

Bedrooms
18
Bathrooms
7
Kitchens
2
Living Area
5000 + sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 31, 2025
Sold price information is available to members only
Listed Date1/9/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeMultiplex
ConstructionVinyl Siding
Lot Size65 × 164 Feet
CountyParry Sound
Annual Tax$4,379.58
Legal DescriptionPLAN 10 LOT 8 RIVER ST EPT PLAN 10 PLAN T8 WAKEFIELD ST PLAN 42R-4168 PART 1

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
Cooling["None"]

Features

Property Features

Hospital, Library, Place Of Worship, Rec./Commun.Centre, River/Stream, School Bus Route

Community Features

Location

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21 River Street, Parry Sound, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Parry Sound, Parry Sound.

Verified Local Data
Population6,202,225
Median Age39.6 Yrs
Ownership65% Owners
Avg Area List Price$515,406

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

Parry Sound Parry
Public111 Isabella Street, Parry Sound, Ontario, P2A 2G3
4.5
McDougall
Public69 Highway 124, McDougall Township, Ontario, P2A 2W7
5.2

Secondary Schools

Parry Sound Parry
Public111 Isabella Street, Parry Sound, Ontario, P2A 2G3
3.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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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 21 River Street, Parry Sound, ON P2A 2T7

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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Financial Audit

Estimated Costs

Loan Amount$700,000
Monthly Mortgage$4,067
Property Tax (Est.)$365
Utilities & Maint.$350
Total Monthly Cost$4,782

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Parry Sound.

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.