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For Sale
$1,500,000
MLS® X13240754
55 JOHN STREET
Thorold (Thorold Downtown), Ontario, L2V2S7
- Beds / Baths
- 14 bed · 7 bath
- Property type
- Multi-family
- Building
- Other
- Lot size
- 60 x 100 FT
- Parking
- 11
Property facts
- Beds / Baths
- 14 bed · 7 bath
- Property type
- Multi-family
- Building
- Other
- Transaction
- For Sale
- Lot size
- 60 x 100 FT
- Parking
- 11
About this property
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 contractors are associated with the property, ensuring straightforward ownership and lower operating complexity. Vendor Take-Back (VTB) financing may be available for qualified buyers. (id:53361)