55 John ST N, Thorold, ON L2V 2S7
55 John ST N, Thorold, ON L2V 2S7
55 John ST N, Thorold, ON L2V 2S7
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Mike McCarthy

Mike McCarthy

+1(289) 919-5442
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Est. payment /mo
14 Beds
7 Baths
100 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision 557 - Thorold Downtown

MLS Listing ID X13689038

Style 2-Storey

Bedrooms 14

Annual Tax Amount $6,650

Tax Year 2025

Lot Size 100.000 Acres

Property Sub-Type Multiplex

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.

Location

Province ON

County Niagara

Area Niagara

Zoning R3

Rooms

Family Room No

Basement Finished with Walk-Out

Kitchen 7

Interior

Interior Features Other

Cooling Other

Inclusions All washers and dryers, stoves, pizza oven at the basement.

Exterior

Exterior Feature Porch, Privacy, Landscaped

Parking Features Available

Garage Spaces 1.0

Pool None

View Clear

Roof Type Asphalt Shingle

Lot Frontage 60.0

Lot Depth 100.0

Total Parking Spaces 11

Building

Foundation Block, Poured Concrete

Others

Senior Community Yes

Security Features Carbon Monoxide Detectors

ParcelsYN Yes

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Listed by RE/MAX WEST REALTY INC.

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Mike McCarthy
Mike McCarthy

Realtor | License ID: 4794661

+1(289) 919-5442 | mike@mikemccarthyrealty.com

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