55 John Street N, Thorold, ON L2V 2S7
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55 John Street N, Thorold, ON L2V 2S7
55 John Street N, Thorold, ON L2V 2S7
55 John Street N, Thorold, ON L2V 2S7
55 John Street N, Thorold, ON L2V 2S7
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Alex Stepanoski

Alex Stepanoski

+1(647) 896-6442
Listed by Frank Leo • RE/MAX WEST REALTY INC TORONTO
$ 1,300,000
Est. payment /mo
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Active

55 John Street N Thorold, ON L2V 2S7

3,396 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-5 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 3,396 sqft

Price per Sqft $382

MLS Listing ID 40856230

Abv Grd Liv Area 4,389

Year Built 1900

Annual Tax Amount $6,650

Property Sub-Type Multi-5 Unit

Source Cornerstone

Property 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.

Location

Province ON

County Niagara

Area Thorold

Zoning R3

Direction Corner of John Street and McNamara Street

Rooms

Other Rooms None

Basement Separate Entrance, Walk-Out Access, Full, Finished

Kitchen 0

Interior

Interior Features Separate Hydro Meters, Other

Heating Other

Cooling Other

Fireplace No

Appliance Instant Hot Water

Laundry Common Area

Exterior

Exterior Feature Privacy, Private Entrance, Other

Parking Features Attached Garage, Exclusive

Garage Spaces 1.0

Roof Type Asphalt,Asphalt Shing

Street Surface Paved

Porch Porch

Lot Frontage 60.0

Lot Depth 100.0

Garage Yes

Building

Lot Description Irregular Lot, City Lot, Highway Access, Public Transit, Quiet Area, Schools, Shopping Nearby, Other

Faces Corner of John Street and McNamara Street

Story 2

Foundation Block, Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick,Stone

New Construction No

Others

Senior Community No

Tax ID 644520210

Ownership Freehold/None

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Alex Stepanoski

Alex Stepanoski

Real Estate Agent

+1(647) 896-6442

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55 John Street N