$1,395,000
Available - For Sale
Listing ID: X13002648
22 & 24 River Street , Thorold, L0S 1K0, Niagara
| This Rare 9-Unit Multi-Residential Investment property in Thorold offers a storybook setting at 22 & 24 River Street which are located in the historic hamlet of Port Robinson, situated on the east bank of the Welland Canal. 7 out of 9 Units have been updated and consists of 1-3 Bedroom $1500*. 5-2 Bedrooms,$1450. ,$1300, $1290, $950, & $630 (Live-In Super) $1450 will be the new rental price of the one vacant unit. 2-1 Bedrooms $1150, $935** 1 Bachelor $950. Coin Laundry $2500 income Yr. 8 out of 9 units pay their own Hydro being separately metered! Residential License for both Properties til Feb 2028! 1/2 Roof was replaced in 2024 Bills to be provided, 2-Natural Gas furnaces which cover 2 units the Owner pays for. (3) Water Rental Tanks $1750, Gas $2300, Water $1500, Hydro $2800, Maintenance is around $2500.Insurance $6350. Property Valued at $155,000 per Unit, based on 32 and 34 River Street selling at $162,500 given it was a newer property just a couple of months ago, on the same street same location. Most recent 8 Unit property sold for Over $220,000 per door! Less than 1 % of properties in Thorold are multi-residential . So this is a good opportunity to own this 9-Plex at a fantastic price. Pre-Inspection Report will be attached on Friday April 17th, by a Certified Master Inspector. Thank you |
| Price | $1,395,000 |
| Taxes: | $9463.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 22 & 24 River Street , Thorold, L0S 1K0, Niagara |
| Acreage: | < .50 |
| Directions/Cross Streets: | Bridge Street and River Street |
| Rooms: | 34 |
| Bedrooms: | 16 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Apartment |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Concrete, Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Available, |
| Drive Parking Spaces: | 0 |
| Park #1 | |
| Parking Type: | Available, |
| Park #2 | |
| Parking Type: | Available |
| Park #3 | |
| Parking Type: | Boulevard |
| Pool: | None |
| Other Structures: | Fence - Partia |
| Approximatly Square Footage: | 5000 + |
| Property Features: | Campground, Greenbelt/Conserva |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Window Unit |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | None |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
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Antonella Monte
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Niagara |
| Municipality: | Thorold |
| Neighbourhood: | 561 - Port Robinson |
| Style: | 2-Storey |
| Tax: | $9,463 |
| Beds: | 16 |
| Baths: | 9 |
| Fireplace: | Y |
| Pool: | None |
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