55 JOHN STREET N
Thorold, ON L2V 2S7
Listing Courtesy of RE/MAX WEST REALTY INC.
$1,300,000
Baths:
7
Number of Units:
Type:
Multi-Unit Residential
Listing #X13689038
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:6370)
Property Features
Subdivision:
557 - Thorold Downtown
Square Feet Range:
3000 - 3500
Bathrooms:
7
Heating:
Other
Heating Fuel:
Other
Stories:
2
Sewer:
Sanitary sewer
Has Garage:
Yes
Parking Spaces:
11
Has a Pool:
No
Lot Description:
Landscaped
Has Waterfront:
No
Property Type:
RI
Property SubType:
Multi-family
Common Area Features:
Community Centre, School Bus
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CREA-ON data last updated at September 2, 2026, 7:49 PM ET
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