Exceptional investment opportunity. Prime commercial location in the heart of downtown Parry Sound located on a large lot. Multi use. Currently configured as two self-contained levels. 3 bedrooms, 2 bathrooms, 2 kitchens. A beautifully fully restored century home blends timeless character w/modern updates while preserving its historic architecture, high ceilings, new flooring throughout, large bright windows, ceiling fans & freshly painted. A blank canvas to make your own, being fully vacant & move-in ready, a rare opportunity. A versatile commercial property offers endless possibilities such as live/work space, offices, retail, short- & long-term rentals. Ideal for entrepreneurs, small business owners, remote workspace while at the cottage, investors, or those seeking flexibility. With a lack of residential rentals, prime, exposure locations, downtown parking & visitor accommodations, this is a strong cottage country dream investment come true!Enjoy outstanding exposure in the commercial district w/signage opportunities, 3 separate entrances, 2 driveways, plenty of front & rear parking, a basement for storage. New high-efficiency appliances add modern convenience while maintaining the home's unique charm.Leave the car behind & walk to the waterfront, beach, restaurants, boutique shops, schools, theatre, arts & cultural venues, tourist attractions, boat tours, plane rides, boat launches & everything vibrant downtown Parry Sound has to offer. Located in the renowned Georgian Bay region & the hometown of Bobby Orr, this property is perfectly positioned for attraction of many kinds.An outstanding opportunity for investors seeking strong income potential through short-term or long-term rentals or business owners looking for a highly visible location in one of Ontario's most desirable waterfront communities. Click on the media arrow below on the REALTOR.ca listing to view the video, floor plans, 3-D imaging & additional pictures.