55 John Street Thorold, Ontario L2V 2S7
$1,500,000
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. (id:41954)
Property Details
| MLS® Number | X13240754 |
| Property Type | Multi-family |
| Community Name | 557 - Thorold Downtown |
| Amenities Near By | Public Transit |
| Community Features | Community Centre, School Bus |
| Equipment Type | None |
| Features | Irregular Lot Size, Sloping, Flat Site |
| Parking Space Total | 11 |
| Rental Equipment Type | None |
| Structure | Porch |
Building
| Bathroom Total | 7 |
| Bedrooms Above Ground | 14 |
| Bedrooms Total | 14 |
| Appliances | Dryer, Oven, Stove, Washer |
| Basement Development | Finished |
| Basement Features | Walk Out |
| Basement Type | N/a (finished) |
| Exterior Finish | Brick, Stone |
| Foundation Type | Block, Poured Concrete |
| Heating Fuel | Other |
| Heating Type | Other |
| Stories Total | 2 |
| Size Interior | 3,000 - 3,500 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | Yes |
| Land Amenities | Public Transit |
| Landscape Features | Landscaped |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 60 Ft |
| Size Irregular | 60 X 100 Ft |
| Size Total Text | 60 X 100 Ft|100+ Acres |
| Zoning Description | R3 |
Utilities
| Electricity | Installed |
| Sewer | Installed |
Contact Us
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
June 04 2026 05:21:29
Toronto Regional Real Estate Board
RE/MAX West Realty Inc.