22 & 24 River ST, Thorold, ON L0S 1K0
See all 50 photos
22 & 24 River ST, Thorold, ON L0S 1K0
22 & 24 River ST, Thorold, ON L0S 1K0
22 & 24 River ST, Thorold, ON L0S 1K0
22 & 24 River ST, Thorold, ON L0S 1K0
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Giancarlo Morales

Giancarlo Morales

+1(416) 882-8048
$ 1,190,000
Est. payment /mo
Save Virtual Tour
Price Dropped by $85K

22 & 24 River ST Thorold, ON L0S 1K0

16 Beds

9 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision 561 - Port Robinson

MLS Listing ID X13002648

Style 2-Storey

Bedrooms 16

Annual Tax Amount $9,463

Tax Year 2025

Property Sub-Type Multiplex

Lot Depth 159.7

Lot Front 89.38

Property Description

Newly Lowered Price!! This is a Great Opportunity to acquire this Rare 9-Unit Multi-Residential Investment property in Thorold which will offer about $72,000 net operating Income yearly when the 2 Bedroom becomes rented at $1450./mo. 22-24 River Street which is located in the historic hamlet of Port Robinson, Thorold is situated on the east bank of the Welland Canal. 2nd Floor front tenants enjoy a view of the Canal as the ships go by. 7 out of 9 Units have been updated ! 8 out of 9 units pay their own Hydro being separately metered! Residential License for both Properties til Feb 2028! New Gravel was laid down the private driveway and all through the back area where the 9 car parking is. Half the Roof was replaced in 2024 (Bill included). Vendor will hold a first mortgage with 20% Down Payment and is Motivated to sell since he will be retiring after owning the building for a decade.

Location

Province ON

County Niagara

Area Niagara

Rooms

Family Room No

Basement Apartment

Kitchen 9

Interior

Interior Features Floor Drain, Separate Hydro Meter, Water Meter, Sump Pump

Cooling Window Unit(s)

Fireplace Yes

Heat Source Electric

Exterior

Parking Features Available, Boulevard, Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 89.38

Lot Depth 159.7

Total Parking Spaces 9

Building

Unit Features Campground,Greenbelt/Conservation,Hospital,Park,Place Of Worship,River/Stream

Foundation Concrete

Others

ParcelsYN No

Virtual Tour https://www.ivrtours.com/viewer.php?tourid=27977

Listed by RE/MAX SUCCESS REALTY

NEARBY SCHOOLS & PROPERTIES

Giancarlo Morales

Giancarlo Morales

Sales Representative | License ID: 9560751

+1(416) 882-8048

GET MORE INFORMATION

Full Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Morales Property Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

22 & 24 River ST

QUICK SEARCH