128 ISABELLA Street, Parry Sound, ON P2A 1N1
- Property tax
- $6,706 / year
Turnkey Triplex Investment in Prime Parry Sound Location - Welcome to 128 Isabella Street, a rare opportunity to acquire a fully leased triplex located just steps from the new Parry Sound High School and minutes from local amenities. Purpose-built in 2005, this modern and well-maintained property features three spacious two-bedroom units, each offering approximately 900 square feet of comfortable living space. With two ground-level units and one upper-level unit, the layout provides both privacy and convenience for tenants. Each unit is separately metered for hydro, allowing for simplified utility management and improved efficiency. Ample on-site parking adds to tenant appeal and ease of access. Currently generating consistent rental income with all units leased, this property delivers immediate cash flow and long-term investment security. Whether you're a seasoned investor or just starting to build your portfolio, 128 Isabella Street represents a smart, low-maintenance opportunity in one of Parry Sounds most desirable neighbourhoods close to schools, green spaces and the natural beauty of Georgian Bay.
- MLS number
- X13430980
- Type
- Triplex
- Status
- Active
- Bedrooms
- 6
- Bathrooms
- 3
- Postal code
- P2A 1N1
- Photos
- 35
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Triplex
- Style
- 2-Storey
- Class
- Residential Freehold
- Age
- 16-30
- Fronting on
- South
- Community
- Parry Sound
- Municipality
- Parry Sound
- Cross street
- Church Street North to Isabella, turn left. Property on left. SOP.
- Zoning
- R2
Inside
- Bedrooms
- 6
- Bedrooms above grade
- 6
- Bathrooms
- 3
- Washrooms
- 2 on the ground floor · 1 on the second floor
- Kitchens
- 3
- Rooms above grade
- 6
- Fireplaces
- 0
- Basement
- None
- Size
- 2000-2500
Building
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
Parking
- Covered spaces
- 0
- Driveway spaces
- 2
- Total parking
- 5
Land
- Lot
- 71.56 × 97.34 feet
- Pool
- None
Heating, cooling and services
- Heating
- Baseboard
- Heat source
- Electric
- Cooling
- None
- Water
- Municipal
- Sewer
- Sewer
- Electricity
- Yes
- Gas
- Yes
Features
- Interior
- None
Listing
- MLS number
- X13430980
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-06-10
- Expires
- 2026-10-31
- Taxes
- $6,706 (2026)
- Board
- One Point Association of REALTORS
Listing history
This address has been listed 2 times.
Where this property is
Where this address sits, matched against open government data.
Matched to a published address point for this address.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| TBA - Near North District School Board. (Elementary) Near North DSB | Elementary | 145 m | Not reported |
| Parry Sound Intermediate School School Near North DSB | Elementary | 165 m | Not reported |
| Parry Sound High School Near North DSB | Secondary | 230 m | / 10 55% met the standard · 2 of 6 measures |
| Parry Sound Forest School | Elementary | 937 m | Not reported |
| École secondaire publique aux Quatre-Vents CS public du Nord-Est de l'Ontario | Secondary | 973 m | Not reported |
| École élémentaire publique aux Quatre-Vents CS public du Nord-Est de l'Ontario | Elementary | 1.0 km | Not reported |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 507 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35490204 — the few blocks around this address, home to 507 people. It describes the area, not this property.
Percentages are of the 295 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.