55 John Street N

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.

type

House, Multi-family

bedrooms

14

bathrooms

7

parking

11

property tax

$6,650 / yr

days on market

67

MLS®

X13689038

• Irregular lot size
• Sloping
• Flat site
• School Bus
• Community Centre
• Washer