55 JOHN STREET N
Thorold (Thorold Downtown), Ontario
MLS® X13689038
$1,300,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13689038
- Bedrooms
- 14
- Bathrooms
- 7
- Year built
- —
1 / 10Listing 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.
Property summary
- MLS® number
- X13689038
- Property type
- Multi-family
- Building type
- Other
- Land size
- 60 x 100 FT
- Annual property taxes
- $6,650.00
- Parking
- 11 spaces · Attached Garage, Garage
- Days on market
- 30 days
Features & details
- Heating
- Other, Other
- Basement
- Finished, Walk out, N/A
- Appliances
- Washer, Stove, Oven, Dryer
- Exterior features
- Brick, Stone
- Lot features
- Irregular lot size, Sloping, Flat site
- Community features
- School Bus, Community Centre
What would this home cost you?
Based on the $1,300,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX WEST REALTY INC., TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.