22 & 24 River Street Thorold, Ontario
PROPERTY INFO
Newly Lowered Price!! This is a Great Opportunity to acquire this Rare 9-Unit Multi-Residential Investment property in Thorold which will offer about $72,000 net operating Income yearly when the 2 Bedroom becomes rented at $1450./mo. 22-24 River Street which is located in the historic hamlet of Port Robinson, Thorold is situated on the east bank of the Welland Canal. 2nd Floor front tenants enjoy a view of the Canal as the ships go by. 7 out of 9 Units have been updated ! 8 out of 9 units pay their own Hydro being separately metered! Residential License for both Properties til Feb 2028! New Gravel was laid down the private driveway and all through the back area where the 9 car parking is. Half the Roof was replaced in 2024 (Bill included). Vendor will hold a first mortgage with 20% Down Payment and is Motivated to sell since he will be retiring after owning the building for a decade. (id:4555)
PROPERTY SPECS
Price $1,190,000
City Thorold, Ontario
Bed / Bath 16 / 9 Full
Address 22 & 24 River Street
Listing ID X13002648
Style Other
Parking 9.00
Type Multi-Family
Status For Sale
EXTENDED FEATURES
Features
Conservation/green belt, Sump Pump Ownership
Freehold Basement
Apartment in basement, N/A Heating / Cooling
Baseboard heaters, Forced air, Electric Parking
9.00
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