22 & 24 River Street, Thorold, ON L0S 1K0
- $1,125,000
- 16
- BD
- 9
- BA
- List Price
- $1,125,000
- Price Change
- ▼ $65,000 1784013734
- MLS#
- X13002648
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Multiplex
- Style
- 2-Storey
- Bedrooms
- 16
- Bathrooms
- 9
- Living Area
- 5000 +
- Province
- ON
- Municipality
- Thorold
- Area
- Niagara
- Neighborhood
- 561 - Port Robinson
- Subdivision
- Bridge Street And River Street
Property Description
Newly Lowered Price!! This is a Great Opportunity to acquire this Rare 9-Unit Multi-Residential Investment property in Thorold which will offer about $72,000 net operating Income yearly when the 2 Bedroom becomes rented at $1450./mo. 22-24 River Street which is located in the historic hamlet of Port Robinson, Thorold is situated on the east bank of the Welland Canal. 2nd Floor front tenants enjoy a view of the Canal as the ships go by. 7 out of 9 Units have been updated ! 8 out of 9 units pay their own Hydro being separately metered! Residential License for both Properties til Feb 2028! New Gravel was laid down the private driveway and all through the back area where the 9 car parking is. Half the Roof was replaced in 2024 (Bill included). Vendor will hold a first mortgage with 20% Down Payment and is Motivated to sell since he will be retiring after owning the building for a decade.
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Additional Information
- Taxes
- $9,463
- Heat Type
- Baseboard
- Heat Source
- Electric
- Air Conditioning
- Window Unit(s)
- Lot Depth
- 159
- Kitchens
- 9
- Exterior
- Concrete, Vinyl Siding
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 9
- Parking Type
- Available, Boulevard, Private
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Listing courtesy of RE/MAX SUCCESS REALTY.