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$ 1,395,000
Est. payment | /mo
16 Beds
9 Baths
5,000 SqFt
$ 1,395,000
Est. payment | /mo
16 Beds
9 Baths
5,000 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 - 100000
Square Footage 5,000 sqft
Price per Sqft $279
Subdivision 561 - Port Robinson
MLS® Listing ID X13002648
Bedrooms 16
Property Description
This Rare 9-Unit Multi-Residential Investment property in Thorold offers a storybook setting at 22 & 24 River Street which is located in the historic hamlet of Port Robinson, situated on the east bank of the Welland Canal. 2nd Floor tenants in the front 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). There are 2-Natural Gas furnaces which cover 2 units the Seller pays for. Expenses : (3) Water Rental Tanks Rentals $1750 yearly, Gas $2300, Water $1500, Hydro $2800, Maintenance is around $2500Insurance $6350. ***For Rental Roll see attachments**. Property Valued at $155,000 per Unit x 9 units, 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 2 doors away. Less than 1 % of properties in Thorold are multi-residential. This is your chance to acquire a solid building. Seller is willing to Take Back a 1st. Mortgage with 15%-20% Down payment !!! Inspection Report will be available Monday April 20th, by a Certified Master Inspector please request from agent. Thank you (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Forced air, Not known
Cooling Window air conditioner
Exterior
Parking Features No
Fence Partially fenced
View Y/N No
Attached Garage No
Total Parking Spaces 9
Garage No
Private Pool No
Building
Story 2
Others
Virtual Tour https://www.ivrtours.com/viewer.php?tourid=27977
Listed by RE/MAX SUCCESS REALTY
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