22 & 24 River Street Thorold, Ontario L0S 1K0
16 Bedroom
9 Bathroom
5,000 - 100,000 sqft
Fireplace
Window Air Conditioner
Baseboard Heaters, Forced Air
$1,125,000
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 First Mortgage with 15% min down payment. (id:15069)
Property Details
| MLS® Number | X13002648 |
| Property Type | Multi-family |
| Community Name | 561 - Port Robinson |
| Amenities Near By | Hospital, Park, Place Of Worship |
| Features | Conservation/green Belt, Sump Pump |
| Parking Space Total | 9 |
| Structure | Shed |
Building
| Bathroom Total | 9 |
| Bedrooms Above Ground | 16 |
| Bedrooms Total | 16 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Meter |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Concrete, Vinyl Siding |
| Fireplace Present | Yes |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Size Interior | 5,000 - 100,000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Partially Fenced |
| Land Amenities | Hospital, Park, Place Of Worship |
| Size Depth | 159 Ft ,8 In |
| Size Frontage | 89 Ft ,4 In |
| Size Irregular | 89.4 X 159.7 Ft |
| Size Total Text | 89.4 X 159.7 Ft|under 1/2 Acre |
| Surface Water | River/stream |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
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July 28 2026 05:37:19
Toronto Regional Real Estate Board
RE/MAX Success Realty