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About the Listing 494708 -
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.
Listing Highlights
Status
Active
Days on Site
41
Property Type
Multi-Family
MLS ®
X13240754
Year Built
Total Square Footage
3,000
Lot/Acreage
5995.49
Interior Details
- Bedrooms: 14
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished with Walk-Out
- Other: 7 Kitchens
- Water: Water System
Exterior Details
- Garage Capacity: 1 car
- Roof: Asphalt Shingle
- Others: Porch,Privacy,Landscaped,Public Transit,Rec./Commun.Centre,School Bus Route,Sloping
- Sewer: Sewer
- Parking Features: Available,Attached,Has Garage
Financial Details
- Tax Amount: $6,650
- Taxes w/Assessments: N/A
- Tax/Property ID: 644520210
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
55 John St Thorold, ON L2V 2S7
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