Property Details: - Type: Multiplex - Bedrooms: 14 - Bathrooms: 7 - MLS#: X13240754 Listed By: RE/MAX WEST REALTY INC.
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. This multiplex home located at 55 John Street, Thorold is currently for sale and has been available on Zolo.ca for 1 day. This property is listed at $1,500,000 with an estimated mortgage of $5,521* per month. It has 14 beds, 7 bathrooms, and is 3000-3500 square feet. 55 John Street, Thorold is in the 557 - Thorold Downtown neighborhood Thorold.
