55 John Street, Thorold, ON L2V 2S7
- $1,500,000
- 14
- BD
- 7
- BA
- 3,000
- SqFt
- List Price
- $1,500,000
- MLS#
- X13240754
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Multiplex
- Style
- 2-Storey
- Bedrooms
- 14
- Bathrooms
- 7
- Living Area
- 3000-3500
- Province
- ON
- Municipality
- Thorold
- Area
- Niagara
- Neighborhood
- 557 - Thorold Downtown
- Subdivision
- Corner Of John Street And Mcnamara Street
Property Description
Legal five-plex featuring seven well-appointed apartment units, each offering 2 bedrooms and 2 bathrooms , ideally located in downtown Thorold. This fully tenanted property generates strong and stable income with an approximate 6% cap rate. An excellent opportunity for both investors and owner-occupiers seeking to offset living costs with rental income. The building has been updated with renovated units and exterior improvements, enhancing both tenant appeal and long-term value. No rental items or contractors are associated with the property, ensuring straightforward ownership and lower operating complexity. Vendor Take-Back (VTB) financing may be available for qualified buyers.
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Additional Information
- Taxes
- $6,650
- Water
- Water System
- Heat Type
- Other
- Heat Source
- Other
- Air Conditioning
- Other
- Lot Depth
- 100
- Kitchens
- 7
- Exterior
- Brick, Stone
- Waterfront Type
- None
- Garage Spaces
- 1
- Garage Type
- Attached
- Pool
- None
- Parking Spaces
- 11
- Parking Type
- Available
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Listing courtesy of RE/MAX WEST REALTY INC..