view of front of house with brick siding and a front lawn Features: lawn More Photos

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    For Sale - 32 & 34 River Street, Thorold, Ontario

    Est payment $3,941/mo
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    Time on Jump  14 day

    AI Summary *

    • Rare twin semi-detached 4-plex with transferable city rental permits.
    • Multiple income-generating units totaling $5,015/month in rental income.
    • All units are separately metered; tenants pay their own hydro and gas.
    • Located near Brock University, Niagara College, and scenic Welland Canal.
    • Recent upgrades include a new roof, front porch, and renovated units.




    A rare twin semi detached 4-plex with city rental . Permits which are transferrable! 34river st.-upper unit$1600./mo. 1030sqft 3bedroom1bath. 32river st-upperunit.$1300./mo. 1030sqft 3bedroom1bath. 32river st.-lower unit-$1400./mo. 1030sq ft. 3-bedroom 1bath. 34 river st.-lower unit $665./mo. 600sqft 1-bedroom1bath. 34river st-office unit $ 50./mo. Total $5015/mo .....$60,180. 00 gross income. Operating costs: property taxes: $5765. 00('25). Waterbill (owner)$2576. 50('24). Insurance : $3199. 02 ('24). Maintenance. $2450. 00.('24). Total. Operating costs : $13,990. 52. Net operating income $46,189. 48. Approx. Cap rate: 46,189. 48/795,000=0. 058 or 5. 8%. Tenants pay their own hydro and gas. Owner pays for water. All leases are month to month. All separately metered. The only unit that has gas is 32 lower unit. The other units have base board heaters. ***new roof 2024*****new front porch 2021****32 lower unit new furnace installed 2015****new deck patio 2019****all new water tanks 5 years ago owned. New floor plus apartment facelifts by unit and date. 32 upper renovated 2017. 32 lower renovated 2020. Upper........ 2019. Lower renovated 2019. Office unit...... 2015. Building is only 30 years old. Property located in a scenic village setting! Close to brock university 7 min. And niagara college 14 min. Very close to the welland canal's twinned flight locks where ships climb the mountain!! Great tourist attraction. Approx. 3800 sq ft of total living space !!!!! Huge 55 x 173' deep lot! Owner is a finished carpenter and did many upgrades himself. Avm range to $773,852 based on october 2025 stats!!! Residential rental licence see in photos!!
    Listing IDX12565456
    Address32 & 34 River Street
    CityThorold, Ontario
    Price$795,000
    Bed / Bath10 / 5 Full
    StyleBungalow-Raised, Fourplex
    ConstructionBrick, Vinyl Siding
    Land Size9246.19
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Separate Hydro MeterOutdoor Features Deck, Patio, PorchAmenities Golf, Park, Public Transit, River/Stream, School, Wooded/TreedOwnership FreeholdViews Canal, Golf Course, Panoramic, River, Trees/WoodsBasement Separate Entrance, Finished with Walk-Out, ApartmentFoundation Poured ConcreteHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

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    Listing Agency:  RE/MAX SUCCESS REALTY
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    32 & 34 River Street
    Thorold , Ontario
    10 5 $795,000
    Get more info