55 John Street N, Thorold, ON L2V 2S7
Thorold, ON L2V 2S7
About this property
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.
Property facts & features
- Property type
- Multiplex
- MLS® number
- X13689038
- Source status
- New
- Bedrooms
- 14
- Bathrooms
- 7
- Reported interior area
- Not provided
- Neighbourhood
- Not provided
- Postal code
- L2V 2S7
- Parking spaces
- 11
- Garage
- Attached
- Lot depth (source units)
- 100
- Annual property tax
- 6650
- Basement
- Finished with Walk-Out
- Laundry
- Not provided
- Interior features
- Other
- Exterior features
- Porch, Privacy, Landscaped
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $1,300,000
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Thorold →Listing brokerage: RE/MAX WEST REALTY INC.. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13689038. Information deemed reliable but not guaranteed.