Connie Huibers - Coldwell Banker Momentum Logo
$1,300,000
 $6,979 est/mo Sourced by Back At You

55 John Street N,Thorold, ON L2V 2S7

Thorold, ON L2V 2S7

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Description

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.

Details

MLS #40856230
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1900
Days On Site19
Listing Provided ByRE/MAX WEST REALTY INC TORONTO | Frank Leo

Features

SQ Feet3,396
Garage1
BasementY
Story(s)2
ZoningR3
Acreage0.14

Interior

AppliancesInstant Hot Water
Interior FeaturesSeparate Hydro Meters, Other
CoolingOther
Cooling Yes / NoNo
HeatingOther
Heating Yes / NoYes
Laundry FeaturesCommon Area

Exterior

Exterior FeaturesPrivacy, Private Entrance, Other
Lot FeaturesIrregular Lot, City Lot, Highway Access, Public Transit, Quiet Area, Schools, Shopping Nearby, Other
Construction MaterialsBrick, Stone
RoofAsphalt, Asphalt Shing
Foundation DetailsBlock, Poured Concrete
Patio And Porch FeaturesPorch
Security FeaturesCarbon Monoxide Detector(s)

Parking

Garage Spaces1
Parking FeaturesAttached Garage, Exclusive
Open Parking Yes / NoYes
Attached Garage Yes / NoYes

Utilities

SewerSewer (Municipal)

Taxes

Tax Annual Amount6650

Area Information

ProvinceON
RegionNiagara
CityThorold
Postal CodeL2V 2S7
AreaThorold
Subarea557 Thorold Downtown
Community Name557 Thorold Downtown
Listing VS Median (in 557 Thorold Downtown)
Price:
$1,300,000
low | high
Med:
$473,950
100% of Average
sqft:
3,396
low | high
Med:
1,117
100% of Average
$ / sqft:
$383
low | high
Med:
$451
32.305843052172% of Average
On site:
19
low | high
Med:
35.5
53.521126760563% of Average
Sourced by Back At You

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Learn More About This Property

Connie Huibers

Connie Huibers

Momentum Realty

Real Estate Broker (905) 988-7778connie-huibers@coldwellbanker.ca
ProvinceON
RegionNiagara
CityThorold
Postal CodeL2V 2S7
AreaThorold
Subarea557 Thorold Downtown
Community Name557 Thorold Downtown
Listing VS Median (in 557 Thorold Downtown)
Price:
$1,300,000
low | high
Med:
$473,950
100% of Average
sqft:
3,396
low | high
Med:
1,117
100% of Average
$ / sqft:
$383
low | high
Med:
$451
32.305843052172% of Average
On site:
19
low | high
Med:
35.5
53.521126760563% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $975K - $1.625M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
15 St David Street W Property Photo 1
$799,900
15 St David Street W
Thorold, ON L2V 2L1
Listing Updated: August 26, 2026 at 9:26:45 AM PDT

Connie Huibers - Coldwell Banker Momentum