Thorold (Thorold Downtown), ON
55 JOHN STREET N
$1,300,000
Listed by
RE/MAX WEST REALTY INC.
FRANK LEO, Broker
Data last updated Oct 21, 2026, 7:30 a.m. ET. By using this site you agree to our Terms of Use.
Property facts
- Price
- $1,300,000
- Type
- Detached
- Bedrooms
- 14
- Bathrooms
- 7
- MLS®
- X13689038
- Status
- active
- Brokerage
- RE/MAX WEST REALTY INC.
About this home
Description provided by the listing brokerage
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.