• 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
  • +1-905-744-6000
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55 John Street, Thorold, ON L2V 2S7

55 John Street, Thorold, ON L2V 2S7

Thorold, ON, L2V 2S7 · 557 - Thorold Downtown

14 Beds
7 Baths
— Sq Ft
10 Parking
Multiplex Type
X13240754 MLS#

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 contractors are associated with the property, ensuring straightforward ownership and lower operating complexity. Vendor Take-Back (VTB) financing may be available for qualified buyers.

Features & Amenities

  • Basement: Finished with Walk-Out
  • Garage: Attached
  • Cooling: Other
  • Heat Type: Other
  • Heat Source: Other
  • Style: 2-Storey
  • Construction: Brick, Stone
  • Sewer: Sewer

Property Details

Property Type Residential Freehold
Property Sub-Type Multiplex
Architectural Style 2-Storey
Bedrooms 14
Bathrooms 7
Lot Size 5,995 Feet
Basement Finished with Walk-Out
Garage Attached
Parking Spaces 10
Heat Type Other
Heat Source Other
Cooling Other
Sewer Sewer
Annual Tax $6,650
Tax Year 2025

Interior Features

Interior Features
Other

Exterior Features

Exterior Features
Porch, Privacy, Landscaped
Other Structures
Other
Pool Features
None

Building & Construction

Architectural Style
2-Storey
Construction Materials
Brick, Stone
Foundation Details
Block, Poured Concrete
Roof
Asphalt Shingle
Basement
Finished with Walk-Out

Heating & Cooling

Heat Type
Other
Heat Source
Other
Cooling
Other

Parking & Garage

Garage Type
Attached
Garage
Yes
Parking Spaces
10
Parking Total
11.00
Parking Features
Available
Covered Spaces
1

Lot & Land

Lot Size Area
5995.49
Lot Size Units
Feet
Lot Depth
100.00
Lot Width
60.00

Community & Neighborhood

Property Features
Other, Public Transit, Rec./Commun.Centre, School Bus Route, Sloping

Financial & Tax

Tax Annual Amount
$6,650
Tax Year
2025
Tax Assessed Value
$383,000
Possession Type
Flexible
Possession Details
Flexible

Utilities & Services

Sewer
Sewer
Water Source
Water System

Room Details

Rooms Above Grade
28
Kitchens Above Grade
7
Kitchens Total
7
Bedrooms Above Grade
14

Additional Details

Occupant Type
Owner+Tenant
Direction Faces
East
County Or Parish
Niagara
Cross Street
Corner of John Street and McNamara Street
Directions
Corner of John Street and McNamara Street
Special Designation
Unknown
Showing Requirements
List Brokerage

Location

55 John Street, Thorold, ON L2V 2S7, Thorold, ON, L2V 2S7

Listing courtesy of RE/MAX WEST REALTY INC.
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Contact Info

  • +1-905-744-6000
  • info@findhomes.ca
  • 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
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