55 JOHN STREET N, Thorold (Thorold Downtown)
14 BEDS · 7 BATHS · 3000 - 3500 sqft
$1,300,000
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.
General Info
| MLS Listing ID: X13689038 | Bedrooms: 14 | Bathrooms: 7 | Year Built: 0 |
| Listing Type: Multi-family | Half Baths: N/A | Fireplace Fuel: N/A | Maintenance Fee: N/A |
| Foundation: Block, Poured Concrete | Roof: N/A | Title To Land: N/A | Parking Space Total: 11 |
| Parking: N/A | Heating: Other | Size: 3000 - 3500 sqft | Air Conditioning : N/A |
| Home Style: N/A | Finished Floor Area: N/A | Fireplaces: N/A | Basement: N/A (Finished) |
| Water Supply: Municipal water | Road Type: N/A | Pool Type: N/A |
Amenities/Features
- Irregular lot size
- Sloping
- Flat site










