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    For Sale - 55 John Street, Thorold, Ontario

    Est payment $6,242/mo
    Get pre-qualified
    Views   2
    Time on Jump  51 day

    AI Summary *

    • Legal five-plex with seven 2-bedroom, 2-bathroom units in downtown Thorold.
    • Fully tenanted property generates strong income with a 6% cap rate.
    • Updated units and exterior improvements enhance tenant appeal and value.
    • No rental contracts simplify ownership and reduce operating complexity.
    • Recent roof and chimney replacements add to long-term maintenance assurance.




    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.
    Listing IDX13689038
    Address55 John Street
    CityThorold, Ontario
    Price$1,300,000
    Bed / Bath14 / 7 Full
    Style2-Storey, Multiplex
    ConstructionBrick, Stone
    Land Size5995.49
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features OtherOutdoor Features Porch, Privacy, LandscapedAmenities Other, Public Transit, Rec./Commun.Centre, School Bus Route, SlopingOwnership FreeholdViews ClearWaterfront NoneBasement Finished with Walk-OutFoundation Block, Poured ConcreteHeating / Cooling OtherHeating Fuel OtherSewer Sewer

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    Listing Brokerage: RE/MAX WEST REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    55 John Street
    Thorold , Ontario
    14 7 $1,300,000
    Get more info