55 John Street N Thorold, Ontario L2V 2S7
$1,300,000
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 contracts are associated with the property, ensuring straightforward ownership and lower operating complexity. Vendor take-back (VTB) financing may be available for qualified buyers. The building's roof and chimney have been recently replaced with new ones. (id:63476)
Property Details
| MLS® Number | X13689038 |
| 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 |
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August 26 2026 02:03:12
Toronto Regional Real Estate Board
RE/MAX West Realty Inc.