Address
55 John Street N, Thorold, ON
Price
$ 1,300,000
Property Attributes
  • MLS#X13689038
  • TypeMulti-Family
  • Listing Status New
  • CityThorold
  • Area557 - Thorold Downtown
  • Neighbourhood557 - Thorold Downtown
  • Postal CodeL2V 2S7
  • Style2-Storey
  • Taxes$ 6650
  • Price$ 1,300,000
  • Bedrooms14
  • Full Bathrooms7
  • Half Bathrooms0
  • Sqr Footage3000
Data Source:
TREB - DLA - RE/MAX WEST REALTY INC., BROKERAGE
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.

Price History
8/18/2026 Listed $1,300,000

General Features

Sewer Sewer
Cooling Other
Roof Asphalt Shingle
Water Municipal
Zoning R3
Architectural Style 2-Storey
Pool Features None
Security Features Carbon Monoxide Detectors
Construction Materials Brick,Stone
View Clear
Heater Type Other
Parking Spaces 10
Topography Flat
Property Subtype Multiplex
Tax Year 2025
Lot Depth 100.0
PropertyFeatures Other,Public Transit,Rec./Commun.Centre,School Bus Route,Sloping
County Niagara
New Construction No
Property Type Residential Freehold
HOA No
Attached Garage No
Facing Direction East
Garage Y/N Yes
Other Structures Other
Status New
City Thorold
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 6650.0
Standard Status Active
Occupancy Type Owner+Tenant
Legal Description PT LT II PL 898 AS IN BB4074; THOROLD

Interior Features

Interior Amenities Other
Basement Finished with Walk-Out
Heat Source Other
Laundry Level Main Level
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 14
Elevator? No
Total Baths 7
Bedrooms 14
Living Area Range 3000-3500

Exterior Features

Exterior Amenities Porch,Privacy,Landscaped
Waterfront None
Parking Features Available
Water Source Water System
Total Parking 11.0
Inclusions All washers and dryers,stoves,pizza oven at the basement.
Garage Type Attached
Foundation Details Block,Poured Concrete
Spa No
Lot Size Source GeoWarehouse
Waterfront Y/N No
Covered Spaces 1.0

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • 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
AVG $1.3M
$1.3M
Taxes
AVG $6,650
$6,650