Address
55 John Street N, Thorold (Thorold Downtown), ON
Price
$ 1,300,000
Property Attributes
- ID#X13689038
- TypeMulti-Family
- Listing Status Active
- MunicipalityThorold (Thorold Downtown)
- CityThorold (Thorold Downtown)
- Area557 - Thorold Downtown
- Neighbourhood557 - Thorold Downtown
- Postal CodeL2V 2S7
- Style
- Price$ 1,300,000
- Bedrooms14
- Bathrooms7
- Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
Property 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. (id:7434)
General Features
| Features | Irregular lot size, Sloping, Flat site |
|---|---|
| Community Features | Community Centre, School Bus |
| Property Type | Multi-family |
| Zoning Description | R3 |
| CommunityName | 557 - Thorold Downtown |
| Amenities | Public Transit |
| Building Appliances | Dryer, Oven, Stove, Washer |
| Building Basement Features | Walk out |
| Location Description | Corner of John Street and McNamara Street |
| Parking Space Total | 11 |
| Foundation Type | Block, Poured Concrete |
| Building Type | Other |
| Building.StoriesTotal | 2 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Other |
| Building Heating Fuel | Other |
| Basement Development | Finished |
| Basement Type | N/A (Finished) |
| Living Area Range | 3000 |
| Bedrooms | 14 |
Exterior Features
| Structure | Porch |
|---|---|
| Land Amenities | Public Transit |
| Landscape Features | Landscaped |
| Sewer | Sanitary sewer |
| Exterior Finish | Brick, Stone |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in L2V 2S7
Price
In The Neighbourhood
Thorold (Thorold Downtown)
$ 549,000
- Type
- Multi-Family
- Rooms
- 5 Beds + 3 Baths
Century 21 Heritage House LTD
Thorold (Thorold Downtown)
$ 699,900
- Type
- Multi-Family
- Rooms
- 5 Beds + 3 Baths
ROYAL LEPAGE NRC REALTY
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating