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:60365)
Property Details
| MLS® Number | X13240754 |
| Property Type | Multi-family |
| Community Name | 557 - Thorold Downtown |
| AmenitiesNearBy | Public Transit |
| CommunityFeatures | Community Centre, School Bus |
| EquipmentType | None |
| Features | Irregular Lot Size, Sloping, Flat Site |
| ParkingSpaceTotal | 11 |
| RentalEquipmentType | None |
| Structure | Porch |
Building
| BathroomTotal | 7 |
| BedroomsAboveGround | 14 |
| BedroomsTotal | 14 |
| Appliances | Dryer, Oven, Stove, Washer |
| BasementDevelopment | Finished |
| BasementFeatures | Walk Out |
| BasementType | N/a (finished) |
| ExteriorFinish | Brick, Stone |
| FoundationType | Block, Poured Concrete |
| HeatingFuel | Other |
| HeatingType | Other |
| StoriesTotal | 2 |
| SizeInterior | 3000 - 3500 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | Yes |
| LandAmenities | Public Transit |
| LandscapeFeatures | Landscaped |
| Sewer | Sanitary Sewer |
| SizeDepth | 100 Ft |
| SizeFrontage | 60 Ft |
| SizeIrregular | 60 X 100 Ft |
| SizeTotalText | 60 X 100 Ft|100+ Acres |
| ZoningDescription | R3 |
Utilities
| Electricity | Installed |
| Sewer | Installed |
Frank Leo
Broker
Haidar Al-Maroof
Salesperson
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June 04 2026 05:21:29
Toronto Real Estate Board
RE/MAX West Realty Inc.
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