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55 John Street, Thorold, ON L2V 2S7

557 - Thorold Downtown · Thorold · ON · L2V 2S7

$1,500,000
$500/sqft
14 beds7 baths3,000–3,500 sqft11 parkingMultiplex

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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.

Property Type
Multiplex
Style
2-Storey
Bedrooms
14
Bathrooms
7
Square Feet
3,000–3,500
Year Built
Parking
11
Basement
Finished with Walk-Out
Taxes
$6,650/yr
Market insight: Homes in 557 - Thorold Downtown have stayed in demand, with well-priced properties moving quickly. Ask about recent comparable sales →