22 & 24 RIVER STREET, Thorold (Port Robinson), Ontario, L0S1K0
MLS: X13002648 | Other
$1,395,000
Property Description
This Rare 9-Unit Multi-Residential Investment property in Thorold offers a storybook setting at 22 & 24 River Street which are located in the historic hamlet of Port Robinson, situated on the east bank of the Welland Canal. 7 out of 9 Units have been updated and consists of 1-3 Bedroom $1500*. 5-2 Bedrooms,$1450. ,$1300, $1290, $950, & $630 (Live-In Super) $1450 will be the new rental price of the one vacant unit. 2-1 Bedrooms $1150, $935** 1 Bachelor $950. Coin Laundry $2500 income Yr. 8 out of 9 units pay their own Hydro being separately metered! Residential License for both Properties til Feb 2028! 1/2 Roof was replaced in 2024 Bills to be provided, 2-Natural Gas furnaces which cover 2 units the Owner pays for. (3) Water Rental Tanks $1750, Gas $2300, Water $1500, Hydro $2800, Maintenance is around $2500.Insurance $6350. Property Valued at $155,000 per Unit, based on 32 and 34 River Street selling at $162,500 given it was a newer property just a couple of months ago, on the same street same location. Most recent 8 Unit property sold for Over $220,000 per door! Less than 1 % of properties in Thorold are multi-residential . So this is a good opportunity to own this 9-Plex at a fantastic price. Pre-Inspection Report will be attached on Friday April 17th, by a Certified Master Inspector. Thank you (id:64974)
Quick Facts
- Property Type: Other
- Bedrooms: 16 (16 above)
- Bathrooms: 9
- Fireplaces: Yes
- Parking: 7.0 spaces (No Garage)
- Frontage: 89 ft (27.2 m)
Costs
- Annual Taxes: $9,463.00 (2025)
Listing Provided by: RE/MAX SUCCESS REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Baseboard heaters, Forced air, Not known, Electric
- Cooling: Window air conditioner
- Basement: Apartment in basement, N/A
- Appliances: Water meter
- Utilities: Sewer, Electricity, Cable
Exterior & Construction
- Exterior: Concrete, Vinyl siding
- Foundation: Concrete
- Fencing: Partially fenced
- Water: Municipal water
Lot & Land
- Frontage: 89 ft (27.2 m)
- Features: Conservation/green belt, Sump Pump
Community & Neighbourhood
- Building: Separate Electricity Meters
- Neighbourhood: 561 - Port Robinson
Listing Information
Listing History
MLS listing activity for 22 & 24 RIVER STREET, Thorold (Port Robinson), Ontario, L0S1K0 — dates reflect when changes were recorded in the DDF
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22 & 24 RIVER STREET, Thorold (Port Robinson), Ontario, L0S1K0