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

 

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$1,395,000
Available - For Sale
Listing ID: X13002648
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: $9,463
Assessment Year: 2025
Occupancy by: 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
Washrooms: 9
Family Room: F
Basement: Apartment
No. of Pieces Level
Washroom 1 4
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
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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22 & 24 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 - Multiplex
Area: Niagara
Municipality: Thorold
Neighbourhood: 561 - Port Robinson
Style: 2-Storey
Lot Size: x 159.70(Feet)
Approximate Age:
Tax: $9,463
Maintenance Fee: $0
Beds: 16
Baths: 9
Garage: 0
Fireplace: Y
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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