55 John Street N,Thorold, ON L2V 2S7
Thorold, ON L2V 2S7
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 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.
Details
| MLS # | X13689038 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 15 |
| Listing Provided By | RE/MAX WEST REALTY INC. | FRANK LEO |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 7 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | R3 |
| Acreage | 0.14 |
| Water Front | None |
| Property View | Clear |
Interior
| Interior Features | Other |
|---|---|
| Lease To Own Equipment | None |
| Cooling | Other |
| Heat Source | Other |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Porch, Privacy, Landscaped |
|---|---|
| Roof | Asphalt Shingle |
| Foundation Details | Block, Poured Concrete |
| Topography | Flat |
| View | Clear |
| Construction Materials | Brick, Stone |
| Security Features | Carbon Monoxide Detectors |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Available |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6650 |
|---|---|
| Tax Legal Description | PT LT II PL 898 AS IN BB4074; THOROLD |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | Thorold |
| Postal Code | L2V 2S7 |
| Area | 557 Thorold Downtown |
| Listing VS Median (in L2V 2S7) | |
Price: $1,300,000 low | high Med: $0 On site: 15 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | Thorold |
| Postal Code | L2V 2S7 |
| Area | 557 Thorold Downtown |
| Listing VS Median (in L2V 2S7) | |
Price: $1,300,000 low | high Med: $0 On site: 15 low | high Med: | |
 | $1,300,00055 John Street NThorold, ON L2V 2S7 |
