22 & 24 RIVER STREET, Thorold (Port Robinson)
$1,125,000
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 16 bedrooms, 9 bathrooms
- Living area
- 100,000 sqft
- MLS®
- MLS® X13002648
- Neighbourhood
- 561 - Port Robinson
9 Unit Multi Residential Investment property producing annually $121,860 Gross Revenue, expenses $61,000 with Return on investment at 61,000/1125000= 6.4% currently. Great potential to produce $198,000 in Gross Revenue less $61,000 expenses having a return on Investment at 137,000/1,125,000=12.2% by Increasing the rents to market Rent Prices. Rents have been low in the building due to long standing tenants and a very generous owner. Please compare rental rates in Thorold Proper compared to the historic hamlet of Port Robinson where the building is situated demanding greater prices because of low density (no competition) and the serene natural beauty sitting perched upon the East bank of the Welland Canal with a view of the ships passing the property directly in front. The Owner is willing to Hold a Mortgage with a reasonable down payment for 2 years at 4.5%
Sold data
Homes in Thorold (Port Robinson) — recent sold market
Homes in Thorold (Port Robinson) took a median of 28 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 69, across 88 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.
The median sale price was $604,500.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 31% of sellers reduced their price before finding a buyer.
- Median days to sell
- 29
- Median sale price
- $604,500
- Sale-to-list ratio
- 96.8%
- Sold above asking
- 10%
Based on 88 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Thorold (Port Robinson)
Thorold (Port Robinson) has 6 Fraser Institute–rated schools (5 elementary and 1 secondary), averaging 7.5/10.
- Rated schools
- 6
- Elementary
- 5
- Secondary
- 1
- Average rating
- 7.5 / 10
Top-rated schools in Thorold (Port Robinson)
- Ontario — elementary, ThoroldFraser rating 9.1/10
- Westmount — elementary, ThoroldFraser rating 8.9/10
- Prince of Wales — elementary, ThoroldFraser rating 7.0/10
- Thorold — secondary, ThoroldFraser rating 6.8/10
- Holy Rosary Catholic — elementary, ThoroldFraser rating 6.6/10
- Richmond Street — elementary, ThoroldFraser rating 6.5/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 22 & 24 RIVER STREET
$1,575,000
Multiplex775,000–100,000 sqft25 WEST AVENUE S, Stinson, Hamilton
$1,999,000
Multiplex1465,000–100,000 sqft424 EAST 42ND STREET, Hampton Heights, Hamilton
$664,900
Multiplex1175,000–100,000 sqft224 MITCHELL STREET, 876 - East Village, Port Colborne
$1,300,000
Multiplex11+255,000–100,000 sqft500-502 COLBORNE STREET, East F, London East
$1,700,000
Multiplex1265,000–100,000 sqft221 HIGHVIEW DRIVE, St. Thomas, St. Thomas
$2,480,000
Multiplex785,000–100,000 sqft184 KING STREET E, Beasley, Hamilton
$1,690,000
Multiplex12125,000–100,000 sqft75 DOUNE STREET, SE, Strathroy-Caradoc
$999,777
Multiplex1565,000–100,000 sqft655-91 GILES BOULEVARD, Windsor