22 & 24 River ST, Thorold, ON L0S 1K0
22 & 24 River ST, Thorold, ON L0S 1K0
22 & 24 River ST, Thorold, ON L0S 1K0
22 & 24 River ST, Thorold, ON L0S 1K0
22 & 24 River ST, Thorold, ON L0S 1K0
22 & 24 River ST, Thorold, ON L0S 1K0
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A.J - Ajmal Paima Real Estate Broker

A.J - Ajmal Paima Real Estate Broker

+1(403) 612-8285
$ 1,395,000
Est. payment | /mo

16 Beds

9 Baths

Save Virtual Tour
$ 1,395,000
Est. payment | /mo
Save Virtual Tour

16 Beds

9 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision 561 - Port Robinson

MLS Listing ID X13002648

Style 2-Storey

Bedrooms 16

Annual Tax Amount $9,463

Tax Year 2025

Property Sub-Type Multiplex

Property Description

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

Location

State ON

County Niagara

Area Niagara

Rooms

Family Room No

Basement Apartment

Kitchen 9

Interior

Interior Features Floor Drain, Separate Hydro Meter, Water Meter, Sump Pump

Cooling Window Unit(s)

Fireplace Yes

Heat Source Electric

Exterior

Parking Features Available, Boulevard, Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 89.38

Lot Depth 159.7

Total Parking Spaces 7

Building

Unit Features Campground,Greenbelt/Conservation,Hospital,Park,Place Of Worship,River/Stream

Foundation Concrete

Others

ParcelsYN No

Virtual Tour https://www.ivrtours.com/viewer.php?tourid=27977

Listed by RE/MAX SUCCESS REALTY

Nearby Locations

A.J - Ajmal Paima Real Estate Broker

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 612-8285

ajmalpaima@gmail.com

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22 & 24 River ST