22 & 24 River Street, Thorold, ON L0S 1K0
Thorold, ON, L0S 1K0 · 561 - Port Robinson
About this property
9 Unit Multi Residential Investment property producing annually $121,860 Gross Revenue, expenses $61,000 with Return on investment at 61,000/1125000= 6.4% currently. Great potential to produce $198,000 in Gross Revenue less $61,000 expenses having a return on Investment at 137,000/1,125,000=12.2% by Increasing the rents to market Rent Prices. Rents have been low in the building due to long standing tenants and a very generous owner. Please compare rental rates in Thorold Proper compared to the historic hamlet of Port Robinson where the building is situated demanding greater prices because of low density (no competition) and the serene natural beauty sitting perched upon the East bank of the Welland Canal with a view of the ships passing the property directly in front. The Owner is willing to Hold a Mortgage with a reasonable down payment for 2 years at 4.5%
Features & Amenities
- Basement: Apartment
- Garage: None
- Cooling: Window Unit(s)
- Heat Type: Baseboard
- Heat Source: Electric
- Style: 2-Storey
- Construction: Concrete, Vinyl Siding
- Sewer: None
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 2-Storey |
| Bedrooms | 16 |
| Bathrooms | 9 |
| Basement | Apartment |
| Garage | None |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | Window Unit(s) |
| Sewer | None |
| Annual Tax | $9,463 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Floor Drain, Separate Hydro Meter, Water Meter, Sump Pump
- Fireplace
- Yes
Exterior Features
- Other Structures
- Fence - Partial, Garden Shed, Other, Storage
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Concrete, Vinyl Siding
- Foundation Details
- Concrete
- Roof
- Asphalt Shingle
- Basement
- Apartment
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- Window Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 0
- Parking Total
- 9.00
- Parking Features
- Available, Boulevard, Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 159.70
- Lot Width
- 89.38
Community & Neighborhood
- Property Features
- Campground, Greenbelt/Conservation, Hospital, Park, Place Of Worship, River/Stream
Financial & Tax
- Tax Annual Amount
- $9,463
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- 30-60days flexible
Utilities & Services
- Sewer
- None
Room Details
- Rooms Above Grade
- 34
- Kitchens Above Grade
- 9
- Kitchens Total
- 9
- Bedrooms Above Grade
- 16
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Niagara
- Cross Street
- Bridge Street and River Street
- Directions
- 403 to Queen Elizabeth way to 406 to 58 to 82 into Port Robinson
- Special Designation
- Unknown
- Showing Requirements
- Go Direct, Lockbox, Showing System, List Brokerage
Location
22 & 24 River Street, Thorold, ON L0S 1K0, Thorold, ON, L0S 1K0