55 John Street N, Thorold, ON L2V 2S7
Thorold, ON, L2V 2S7 · 557 - Thorold Downtown
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.
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
- 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, List Salesperson
Location
55 John Street N, Thorold, ON L2V 2S7, Thorold, ON, L2V 2S7