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MLS® X13689038
Thorold, ON
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.
Inclusions
All washers and dryers, stoves, pizza oven at the basement.
Broker
RE/MAX WEST REALTY INC.
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Multiplex
55 John Street N Thorold
Thorold
Type
Multiplex
Basement
Finished with Walk-Out
Parking
Attached (11)
Property Tax
~$6,650/yr
Heating
Other
Buying Essentials
Square Feet
3250 sqft
Facing Direction
East
Parking
Attached (11)
Finances
List Price
$1,300,000
Price per SQFT
$400/sqft
Property Tax
~$6,650/yr
Property Specs
Property Type
Multiplex
MLS Size
3250 sqft
Basement
Finished with Walk-Out
Living & Amenities
Heating Type
Other
Features
Other
Policies & Utilities
Neighbourhood
Thorold
Listed On
Aug 18, 2026
Other
Public Transit
Rec./Commun.Centre
School Bus Route
Sloping
Days on Market
Current: 81 days
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