55 JOHN STREET, Thorold (Thorold Downtown)
$1,500,000
For sale: Multiplex
- Property type
- Multiplex
- 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.
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