Realestate

Property Details

1 of 9
$1,500,000
55 John Street, Thorold, ON L2V 2S7
14
7
1
MLS®X13240754
Property Type
Residential Freehold
Sub Type
Multiplex
Heating
Other
Cooling
Other
Lot Size
100 x 60 Feet
Approx Age
N/A
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.
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