For Sale: 22-24 River Street, Thorold, ON - REW
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$1,190,000
16 bd • 9 ba • 5000 - 99999 sf • Multifamily
22-24 River Street
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$1,190,000
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22 & 24 River StreetThorold, ON, L0S 1K0

  • 16 Bed
  • 9 Bath
  • 5000 - 99999 Sqft
  • Multifamily

About this home

Newly Lowered Price!! This is a Great Opportunity to acquire this Rare 9-Unit Multi-Residential Investment property in Thorold which will offer about $72,000 net operating Income yearly when the 2 Bedroom becomes rented at $1450./mo. 22-24 River Street which is located in the historic hamlet of Port Robinson, Thorold is situated on the east bank of the Welland Canal. 2nd Floor front tenants 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). Vendor will hold a first mortgage with 20% Down Payment and is Motivated to sell since he will be retiring after owning the building for a decade. (id:63626)
Listed by: ROBERT F. PARRO, Salesperson, RE/MAX SUCCESS REALTY

Home facts and features

Price details
List Price
$1,190,000
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Gross Taxes for 2025
$9,463
Home facts
Bedrooms
16
Full Bathrooms
9
Parking Spaces
9
Parking Details
No Garage
Property Type
Multifamily
Depth
159.7 feet
Frontage
89.4 feet
Exterior Finish
Concrete, Vinyl siding
Heating Type
Baseboard heaters, Forced air, Electric
Cooling
Window air conditioner
Basement Details
Apartment in basement,
Features
Conservation/green belt, Separate Electricity Meters, Sump Pump
Appliances
Water meter
Agent details
Primary Agent
ROBERT F. PARRO
Primary Broker
RE/MAX SUCCESS REALTY
Listing details
Days on REW
51 Days
MLS® Number
X13002648
Source
Canadian Real Estate Association
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Property Insights

Jean-Vanier School
  • Catholic
  • 7 - 12
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Call Agent
Salesperson
Robert Parro
Phone:
(416) 700-2787
Cell:
416-700-2787
Office:
905-209-7400
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