55 JOHN STREET, Thorold (Thorold Downtown)

$1,500,000

For sale: Multiplex

Property type

Multi-family

Bedrooms / bathrooms

14 bedrooms, 7 bathrooms

Living area

3,500 sqft

MLS®

MLS® X13240754

Neighbourhood

557 - Thorold Downtown

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.