$675,000
For sale: Multiplex

One Owner Home since built in 1965. Excellent Investment Opportunity in the Heart of Thorold! Ideally located just minutes from Brock University and Thorold. Vibrant downtown core, this spacious multi-family property offers exceptional versatility, generous living space and exciting future potential. Situated on an impressive 74 x 167 ft. lot, the property offers a side yard of 36 ft and redevelopment opportunities, subject to municipal approvals. Currently configured with two self-contained residential units, each featuring 3 bedrooms, a full bathroom, an eat-in kitchen and a comfortable living room. With over 2,200 sq. ft. of above-grade living space, plus approximately 1,000 sq. ft. in the lower level, this property is well suited for multi-generational living or investors looking to capitalize on the strong rental demand near Brock University. The spacious basement offers additional possibilities for future development, including the potential for a third residential unit, subject to applicable approvals. Outside, enjoy a generous backyard featuring mature gardens, fruit trees and plenty of outdoor space. A large detached two-car garage provides excellent storage, workshop space or potential for future conversion to an accessory dwelling unit, subject to municipal approvals. ZonedR1C, this property presents an attractive opportunity for buyers exploring additional residential uses and future development possibilities, subject to confirmation with the City of Thorold. Whether you are looking to expand your investment portfolio, accommodate extended family or explore the property's redevelopment potential, this is a rare opportunity with plenty of possibilities in a desirable and convenient location. A must-see!
Sold data
Homes in Thorold Downtown took a median of 26 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 61, across 112 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 77 days.
The median sale price was $527,900.
Homes sold for about 3.4% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 26% of sellers reduced their price before finding a buyer.
Based on 112 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
Thorold (Thorold Downtown) has 6 Fraser Institute–rated schools (5 elementary and 1 secondary), averaging 7.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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