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$ 1,275,000
Est. payment /mo
Price Dropped by $75K
22 & 24 RIVER STREET Thorold (port Robinson), ON L0S1K0
16 Beds
9 Baths
5,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 - 100000
Square Footage 5,000 sqft
Price per Sqft $255
Subdivision 561 - Port Robinson
MLS® Listing ID X13002648
Bedrooms 16
Property Description
This is a Great Opportunity to acquire this Rare 9-Unit Multi-Residential Investment property in Thorold which offers currently $60,000 net operating Income yearly but the potential to increase to $72,000+net income when the 2 Bedroom becomes rented for $1450./mo. 22-24 River Street which is located in the historic hamlet of Port Robinson, Thorold is situated on the east bank of the Welland Canal. 2nd Floor front tenants enjoy a view of the Canal as the ships go by. 7 out of 9 Units have been updated ! 8 out of 9 units pay their own Hydro being separately metered! Residential License for both Properties til Feb 2028! New Gravel was laid down the private driveway and all through the back area where the 9 car parking is. Half the Roof was replaced in 2024 (Bill included). Vendor will hold a first mortgage with 20% Down Payment and is Motivated to sell since he will be retiring after owning the building for a decade. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Forced air, Not known
Cooling Window air conditioner
Exterior
Parking Features No
Fence Partially fenced
View Y/N No
Attached Garage No
Total Parking Spaces 9
Garage No
Private Pool No
Building
Story 2
Others
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