55 John Street
557 - Thorold Downtown
Thorold
L2V 2S7
$1,500,000
Residential Freehold
beds: 14
baths: 7.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X13240754
- Bedrooms:
- 14
- Bathrooms:
- 7
- Photos (9)
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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.
- Under Contract:
- None
- Property Type:
- Residential Freehold
- Property Sub Type:
- Multiplex
- Home Style:
- 2-Storey
- Total Approx Floor Area:
- 3000-3500
- Lot Size:
- 100+
- Lot Depth:
- 100'30.5 m
- Lot Frontage:
- 60'18.3 m
- Lot Shape:
- Irregular
- Topography:
- Flat
- Direction Faces:
- East
- Bedrooms:
- 14
- Bathrooms:
- 7.0
- Water supply:
- Municipal
- Kitchens:
- 7
- Bedrooms Above Grade:
- 14
- Kitchens Above Grade:
- 7
- Rooms Above Grade:
- 28
- Zoning:
- R3
- Heating type:
- Other
- Heating Fuel:
- Other
- Foundation:
- Block, Poured Concrete
- Roof:
- Asphalt Shingle
- Basement:
- Finished with Walk-Out
- Fireplace/Stove:
- No
- Garage:
- Attached
- Garage Spaces:
- 1.0
- Other Structures:
- Other
- Parking Features:
- Available
- Parking Spaces:
- 10
- Total Parking Spaces:
- 11.0
- Family Room:
- No
- Possession Details:
- Flexible
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Assessment:
- $383,000
- Assessment Year:
- 2026
- Development Charges Paid:
- No
- Taxes:
- $6,650 / 2025
- Assessment:
- $383,000.00 / 2026
- Niagara
- Thorold
- 557 - Thorold Downtown
- Other, Public Transit, Rec./Commun.Centre, School Bus Route, Sloping
- Other
- Porch, Privacy, Landscaped
- Carbon Monoxide Detectors
- none
- All washers and dryers, stoves, pizza oven at the basement.
- None
- Brick, Stone
- No
- No
- None
- Clear
- UFFI:
- No
- Utilities Gas:
- Yes
- Utilities Hydro:
- Yes
- Utilities Water:
- Yes
- Water Supply Types:
- Water System
- Sewers:
- Yes
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- Other
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Physically Handicapped-Equipped:
- No
- Laundry Level:
- Main Level
Larger map options:
Listed by RE/MAX WEST REALTY INC.
Data was last updated June 4, 2026 at 11:15 PM (UTC)
- TYSON BRANDOW
- RE/MAX ESCARPMENT REALTY
- 1-905-573-1188
- Contact by Email
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