22 & 24 River Street, Thorold, ON
Description
Property Highlights
Welcome to this remarkable ["2-Storey"] multiplex located in the coveted neighborhood of 561 - Port Robinson. Expertly crafted featuring premium concrete and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,190,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 16 Bedrooms and 9 Bathrooms with 9 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 89.38 x 159.7 ft lot
- Features a ["apartment"] basement, adding superb versatility for recreation, a home gym, or extra storage
- 9.0 total parking spaces available
- Notable attributes: Floor Drain, Separate Hydro Meter, Water Meter
- equipped with ["window unit(s)"] central cooling and highly efficient baseboard heating via electric
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.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Campground, Greenbelt/Conservation, Hospital, Park, Place Of Worship, River/Stream
Interior Features
Floor Drain, Separate Hydro Meter, Water Meter, Sump Pump
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 22 & 24 River Street, Thorold, ON L0S 1K0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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Nearby School Rankings
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