55 John Street N, Thorold, ON L2V 2S7

About this residence

Legal five-plex featuring seven well-appointed apartment units, each offering 2 bedrooms and 2 bathrooms, ideally located in downtown Thorold. This fully tenanted property generates strong and stable income with an approximate 6% cap rate. An excellent opportunity for both investors and owner-occupiers seeking to offset living costs with rental income. The building has been updated with renovated units and exterior improvements, enhancing both tenant appeal and long-term value. No rental items or contracts are associated with the property, ensuring straightforward ownership and lower operating complexity. Vendor take-back (VTB) financing may be available for qualified buyers. The building's roof and chimney have been recently replaced with new ones.

Property details

Property type

Multiplex

Total rooms

28

Garage

Attached

Parking spaces

10

Annual taxes

$6,650 (2025)

Possession

Flexible

Directions

Corner of John Street and McNamara Street

Location