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META FROM HOUSESHOP.IO

meta@houseshop.io +1(647) 692-2434

$1,275,000

Est. payment - /mo

16 Beds

9 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision 561 - Port Robinson

MLS Listing ID X13002648

Style 2-Storey

Bedrooms 16

Annual Tax Amount $9,463

Tax Year 2025

Property Sub-Type Multiplex

Property Description

This is a Great Opportunity to acquire this Rare 9-Unit Multi-Residential Investment property in Thorold which offers currently $60,000 net operating Income yearly but the potential to increase to $72,000+net income when the 2 Bedroom becomes rented for $1450./mo. 22-24 River Street which is located in the historic hamlet of Port Robinson, Thorold is situated on the east bank of the Welland Canal. 2nd Floor front tenants enjoy a view of the Canal as the ships go by. 7 out of 9 Units have been updated ! 8 out of 9 units pay their own Hydro being separately metered! Residential License for both Properties til Feb 2028! New Gravel was laid down the private driveway and all through the back area where the 9 car parking is. Half the Roof was replaced in 2024 (Bill included). Vendor will hold a first mortgage with 20% Down Payment and is Motivated to sell since he will be retiring after owning the building for a decade.

Location

Province ON

County Niagara

Area Niagara

Rooms

Family Room No

Basement Apartment

Kitchen 9

Interior

Interior Features Floor Drain, Separate Hydro Meter, Water Meter, Sump Pump

Cooling Window Unit(s)

Fireplace Yes

Heat Source Electric

Exterior

Parking Features Available, Boulevard, Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 89.38

Lot Depth 159.7

Total Parking Spaces 9

Building

Unit Features Campground,Greenbelt/Conservation,Hospital,Park,Place Of Worship,River/Stream

Foundation Concrete

Others

ParcelsYN No

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Listed by RE/MAX SUCCESS REALTY

NEARBY SCHOOL & BUSINESS

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META FROM HOUSESHOP.IO

+1(647) 692-2434

Realtor®

22 & 24 River ST Thorold, ON L0S 1K0

META FROM HOUSESHOP.IO

Key Details

Location

Rooms

Interior

Exterior

Building

Others