9 WATER STREET, Thorold (Thorold Downtown)

$699,900

For sale: Multiplex

Multiplex at 9 WATER STREET, Thorold (Thorold Downtown)
Property type
Triplex
Bedrooms / bathrooms
5 bedrooms, 3 bathrooms
Living area
2,500 sqft
MLS®
MLS® X13445184
Neighbourhood
557 - Thorold Downtown

Turn-key, well-kept legal triplex located at 9 Water Street in Thorold, close to all amenities, shopping, schools, parks, transit, downtown Thorold, Brock University, and highway access.This clean brick property offers a strong opportunity for investors or owner-occupiers, featuring spacious units, solid income potential, and future upside. The building includes a large main floor 3-bedroom unit plus two additional units, with 2 units currently vacant and ready to be rented at market rents.Recent updates include a new boiler system and vinyl windows, providing added peace of mind for the next owner. The property sits on a large lot with potential for future expansion or additional units, subject to city approvals. There is also potential for a basement in-law suite, creating further income possibilities.A detached garage offers additional rental income or storage. A clean, solid, income-producing property with vacant units, market rent upside, garage income potential, and future value-add opportunities in a convenient Thorold location close to everything.

Sold data

Homes in Thorold (Thorold Downtown) — recent sold market

Homes in Thorold (Thorold Downtown) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 58 days.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 (Thorold Downtown)

Thorold (Thorold Downtown) 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 (Thorold Downtown)

  • 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 9 WATER STREET