$1,300,000
55 John Street N, Thorold, ON L2V 2S7
14 beds7 baths11 parking 3000-3500 ft²
Key facts
- MLS®
- X13689038
- Status
- New
- Type
- Multiplex
- Taxes
- $6,650
- Size
- 3000-3500 ft²
- Parking
- 11 total
- Lot
- 5995.49 Feet
- Listed
- 2026-08-18
- Brokerage
- RE/MAX WEST REALTY INC.
- Cross street
- Corner of John Street and McNamara Street
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.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.