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Royal LePage
Royal LePage
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$1,125,000

22 & 24 RIVER STREET, Thorold, Ontario, L0S 1K0

MLS® # X13002648

Thorold ON, L0S 1K0

MLS® # X13002648

Property Information:

Newly Lowered Price!! This is a Great Opportunity to acquire this Rare 9-Unit Multi-Residential Investment property in Thorold which will offer about $72,000 net operating Income yearly when the 2 Bedroom becomes rented at $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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Air Conditioning: Yes
  • Amenities: Separate Hydro Meters
  • Basement Type: N/A
  • Exterior Finish: Concrete, Vinyl siding
  • Fireplace: Yes
  • Floor Space: 5000 - 100000 sqft
  • Foundation Type: Concrete
  • Heating Type: Baseboard heaters, Forced air
  • Heating Fuel: Electric
  • Cooling Type: Window air conditioner
  • Appliances: Water meter

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 16
  • Bathrooms: 9
  • Amenities Nearby: Hospital, Park
  • Features: Conservation/green belt, Sump Pump
  • Fence Type: Partially fenced
  • Floor Space (approx): 5000 - 100000 Square Feet
  • Irregular: Yes
  • Lot Depth: 159.7 Feet
  • Lot Frontage: 89.3 Feet
  • Lot Size: 89.4 x 159.7 FT
  • Structure Type: Shed
  • Surface Water:
  • Utility Type: Hydro - Installed, Cable - Installed, Sewer - Installed
  • Parking Type: No Garage
  • No. of Parking Spaces: 9

Courtesy of: RE/MAX SUCCESS REALTY

REALTOR.ca  

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Location of 22 & 24 RIVER STREET, Thorold, Ontario, L0S 1K0

Demographic Information of 22 & 24 RIVER STREET, Thorold, Ontario, L0S 1K0

Life Stage

Middle-Aged with Teens

Employment Type

Mixed

Average Household Income

$115,181.09

Average Number of Children

1.73

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.52 %

High school certificate or equivalent

30.22 %

Apprenticeship trade certificate/diploma

14.4 %

College/non-university certificate

30.91 %

University certificate (below bachelor)

0.25 %

University Degree

10.7 %

Commuter

Travel To Work

By Car

98.33 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

1.67 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

4.32 %

Houses

95.68 %

Own Vs. Rent

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