55 JOHN STREET N, Thorold, Ontario L2V 2S7
$1,300,000.00
- 14 bedrooms
- 7 bathrooms
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 ... read more
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. (id:25417)
- Listing ID: X13689038
- Property Type: Multi-family
| Property | |
|---|---|
| Land Size: | 60 by 100 FT|100+ Acres Landscaped |
| Parking: | Attached Garage 11 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Other |
| Appliances: | Oven, Stove, Washer and Dryer |
| HVAC: | Fireplace and Other Other |
| Exterior: | Brick and Stone |
| Basement: | N/A (Finished) |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| City: | Thorold |
| Province: | Ontario |
| Community Features: | Community Centre and School Bus |
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