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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$820,000
Available - For Sale
Listing ID: X12565456
A Rare Twin Semi Detached 4-Plex with City Rental . Permits which are transferrable! 34River St.-upper unit$1600./mo. 1030SqFt 3Bedroom1Bath. 32River St-UpperUnit.$1300./mo. 1030SqFt 3Bedroom1Bath. 32River St.-Lower Unit-$1400./mo. 1030Sq Ft. 3-Bedroom 1Bath. 34 River St.-lower unit $665./mo. 600SqFt 1-Bedroom1Bath. 34River St-office unit $ 50./mo. TOTAL $5015/mo .....$60,180.00 Gross Income. Operating Costs: Property Taxes: $5765.00('25). WaterBill (owner)$2576.50('24). Insurance : $3199.02 ('24). Maintenance. $2450.00.('24). Total.Operating Costs : $13,990.52. Net Operating Income $46,189.48.approx. Cap Rate: 46,189.48/820,000=0.0563 or 5.6%. Tenants Pay their own Hydro and Gas. Owner pays for Water. All leases are Month to Month. All separately metered. The only unit that has gas is 32 Lower Unit.The other units have base board heaters. Please note there are some income arrears for one of the units and they are trying to remedy this by repaying a portion back each month until paid in full. Call agent for updates. ***NEW ROOF 2024*****NEW FRONT PORCH 2021****32 LOWER UNIT NEW FURNACE INSTALLED 2015****NEW DECK PATIO 2019****ALL NEW WATER TANKS 5 YEARS AGO OWNED. NEW Floor plus Apartment facelifts by unit and date. 32 Upper Renovated 2017. 32 Lower Renovated 2020. Upper........2019. Lower Renovated 2019. Office Unit......2015. Building is Only 30 years old. Property located in a scenic Village Setting! Close to Brock University 7 min. and Niagara College 14 min. Very Cose to the Welland Canal's twinned flight locks where ships climb the mountain!! Great tourist attraction. Approx. 3800 Sq Ft of Total Living Space !!!!!
Price $820,000
Taxes: $5,765
Occupancy by: Tenant
Address: 32 & 34 River Street , Thorold, L0S 1K0, Niagara
Acreage: < .50
Directions/Cross Streets: CANBY / CHIPPAWACREEK
Rooms: 10
Rooms +: 5
Bedrooms: 10
Bedrooms +: 0
Washrooms: 5
Family Room: F
Basement: Separate Ent
Finished wit
No. of Pieces Level
Washroom 1:  4
Washroom 2:  3
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Property Type: Fourplex
Style: Bungalow-Raised
Exterior: Brick
Vinyl Siding
Garage Type: None
(Parking/)Drive: Mutual
Drive Parking Spaces: 2
Park #1
Parking Type: Mutual
Park #2
Parking Type: Mutual
Pool: None
Other Structures: Shed
Approximatly Age: 16-30
Approximatly Square Footage: 2000-2500
Property Features: Golf
Park
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: N
Heat Type: Baseboard
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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RE/MAX SUCCESS REALTY

32 & 34 River Street , Thorold, L0S 1K0, Niagara

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Fourplex
Area: Niagara
Municipality: Thorold
Neighbourhood: 561 - Port Robinson
Style: Bungalow-Raised
Lot Size: x 173.50(Feet)
Approximate Age: 16-30
Tax: $5,765
Maintenance Fee: $0
Beds: 10
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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