About this property
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 contractors are associated with the property, ensuring straightforward ownership and lower operating complexity. Vendor Take-Back (VTB) financing may be available for qualified buyers.
Property Summary
Property TypeMultiplex
Square Footage3000 - 3500 sq ft
Community Name557 - Thorold Downtown
Land Size60 x 100 ft
Annual Property Taxes$6,650.00
Tax Year2025
Parking TypeAttached Garage, Available
Building details
Bedrooms14
Bathrooms / washrooms7 — 3-pc Main, 3-pc Second, 3-pc Basement
Kitchens7
Property typeMultiplex
Architectural style2-Storey
Lot & land
Lot dimensions60 × 100 ft
Lot frontage60 ft
Lot depth100 ft
Lot size100.000 acres
Interior Features
Basement FeaturesFinished with Walk-Out
Basement TypeFinished
Interior FeaturesOther
InclusionsAll washers and dryers, stoves, pizza oven at the basement.
Building Features
FeaturesOther, Public Transit, Rec./Commun.Centre, School Bus Route, Sloping
Foundation TypeBlock, Poured Concrete
Style2-Storey
RoofAsphalt Shingle
ConstructionBrick, Stone
Fire ProtectionCarbon Monoxide Detectors
Building Amenities
PoolNone
ViewClear
TopographyFlat
Heating & Cooling
CoolingOther
Heating TypeOther
Heating SourceOther
Utilities
Utility SewerSewer
WaterWater System
Parking
Parking TypeAttached Garage, Available
Total Parking Spaces11
Exterior Features
Exterior FinishPorch, Privacy, Landscaped
Taxes & fees
Annual taxes$6,650 (2025)
Listing history
On market sinceJun 4, 2026
Location
Thorold, ON L2V 2S7
Listed by RE/MAX WEST REALTY INC., Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.