Tej Thakor Broker of Record / Owner 647-684-1731
For Sale
MLS®# X13240754

55 John Street, Thorold, ON L2V 2S7

Thorold, ON L2V 2S7

$1,500,000 Est. $6,371/mo · 20% down, 25-yr, 4.09%
14Beds
7Baths
60 × 100 ftLot
11Parking
MultiplexType

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

Rental Equipment

Rental equipmentnone

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.
Call Tej Now 647-684-1731
55 John Street, Thorold, ON L2V 2S7