Description

 Price: $ 1,500,000.00 MLS^®: X13240754         Location : 55 John Street, Thorold, ON L2V 2S7

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.

Location Description

Corner of John Street and McNamara Street

Property Details

• Community: 557 - Thorold Downtown
• Property Type: Owner+Tenant/Residential Freehold
• Bedrooms: 14
• Bath: 7
• Garages: Attached

Building Features

• Foundation Type: Block-Poured Concrete
• Construction Material: Brick-Stone
• Total Parking Space: 11

Features

• Heating: Other Other
• Sewer: Sewer ,
• Water System: Water System