$1,125,000
22 & 24 River Street, Thorold, ON L0S 1K0
Thorold
- Bedrooms
- 16
- Bathrooms
- 9
- Parking
- 9
- Type
- Multiplex
9-unit multiplex with $72K annual NOI and Welland Canal views.
- •7 of 9 units recently updated; 8 units separately metered for hydro.
- •Half roof replaced 2024 with bill included; residential license valid through Feb 2028.
- •Waterfront location in Port Robinson with Canal views from 2nd-floor front units.
- •9-space parking lot; new gravel driveway. Vendor financing available with 20% down.
- •Currently generates ~$72K net operating income when fully rented.
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About this listing
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.
Property details
- Days on market
- 92 days
- Property taxes
- $9,463/yr (2025)
- Lot size
- 89.38 × 159.7 Feet
- Style
- 2-Storey
- Heating
- Baseboard (Electric)
- Cooling
- Window Unit(s)
- Basement
- Apartment
- Construction
- Concrete, Vinyl Siding
- Fireplace
- Yes
- Facing
- South
Payment calculator
- Mortgage amount
- $900,000
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Location
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MLS# X13002648
Listed by RE/MAX SUCCESS REALTY
On market since Apr 15, 2026
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About 22 & 24 River Street, Thorold, ON L0S 1K0
How much is 22 & 24 River Street, Thorold, ON L0S 1K0?
22 & 24 River Street, Thorold, ON L0S 1K0 is listed for $1,125,000 CAD.
How many bedrooms and bathrooms does 22 & 24 River Street, Thorold, ON L0S 1K0 have?
22 & 24 River Street, Thorold, ON L0S 1K0 has 16 bedrooms and 9 bathrooms.
What type of property is 22 & 24 River Street, Thorold, ON L0S 1K0?
22 & 24 River Street, Thorold, ON L0S 1K0 is a Multiplex.
What neighbourhood is 22 & 24 River Street, Thorold, ON L0S 1K0 in?
22 & 24 River Street, Thorold, ON L0S 1K0 is in Thorold, Ontario.
Is 22 & 24 River Street, Thorold, ON L0S 1K0 for sale or for rent?
22 & 24 River Street, Thorold, ON L0S 1K0 is currently for sale.
How do I book a showing for 22 & 24 River Street, Thorold, ON L0S 1K0?
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 22 & 24 River Street, Thorold, ON L0S 1K0 (MLS# X13002648). You can also send a message through the contact form on this site.