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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

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