Space
Finished area and layout
- Square Feet
- 5,000-100,000 sqft
- Bedrooms
- 16
- Bathrooms
- 9
+45 more
16
Bedrooms
9
Bathrooms
5,000-100,000 sqft
Square Feet
89.4 x 159.7 ft
Lot
9
Parking
Property Snapshot
Key details for this listing
MLS #X13002648
Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Basement
- Apartment in basement, N/A
- Stories
About This Property
This 16-bedroom, 9-bathroom multi-family in Thorold offers 5,000-100,000 sqft of square feet on a 89.4 x 159.7 ft lot. 2 storeys. The property has lot dimensions of 89.4 x 159.7 FT. The home features baseboard heaters, forced air, electric heating, window air conditioner, a apartment in basement, n/a basement, a fireplace.
MLS Remarks
FINAL REDUCTION VENDOR MUST SELL!! 9 Unit Multi Residential Investment property producing annually $121,860 Gross Revenue, expenses $61,000 with Return on investment at 61,000/999000= 6.1% currently. Great potential to produce $198,000 in Gross Revenue less $61,000 expenses having a return on Investment at 137,000/999,000=13.8% by Increasing the rents to market Rent Prices. Rents have been low in the building due to long standing tenants and a very generous owner. Please compare rental rates in Thorold Proper compared to the historic hamlet of Port Robinson where the building is situated demanding greater prices because of low density (no competition) and the serene natural beauty sitting perched upon the East bank of the Welland Canal with a view of the ships passing the property directly in front. The Owner is willing to Hold a First Mortgage for $600,000 for 2 years at 4.5% Won't Last Long!! Below the AVM amount. (id:60351)
Inclusions
2 Furnaces,All ElectricLightFixtures, 9-Parking Spaces in back of property
Full Listing Details
Address22 & 24 RIVER STREET
MLS#X13002648
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
List DateApr 15, 2026
Days on Market193
Annual Tax$9,463 (2025)
Parking9
Parking TypeNo Garage
Possession Details30-60days flexible
Structure TypeOther
StyleMultiplex
Building FeaturesSeparate Electricity Meters
Bedrooms16
Bathrooms9
Bedrooms Above Grade16
Square Feet5,000-100,000 sqft
Stories2
CityThorold
Neighbourhood561 - Port Robinson
ProvinceOntario
Postal CodeL0S1K0
Lot Dimensions89.4 x 159.7 FT
Frontage89.4 ft
Lot Depth159.7 ft
Lot FeaturesConservation/green belt, Sump Pump
FencingPartially fenced
Total Parking9
Parking FeaturesNo Garage
HeatingBaseboard heaters, Forced air, Electric
CoolingWindow air conditioner
BasementApartment in basement, N/A
FoundationConcrete
AppliancesWater meter
ExteriorConcrete, Vinyl siding
FireplaceYes
UtilitiesSewer, Electricity, Cable
Water SourceMunicipal water
Annual Tax$9,463 (2025)
2 Furnaces,All ElectricLightFixtures, 9-Parking Spaces in back of property
3 WaterTanksRental
Cross Streets: Bridge Street and River Street. ** Directions: 403 to Queen Elizabeth way to 406 to 58 to 82 into Port Robinson.
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