55 JOHN STREET

Key facts

• Property type: Multi-family
• Structure: Other
• Transaction: For Sale
• Price: class="container" id="details-container",500,000
• Bedrooms: 14
• Bathrooms: 7
• Lot size: 60 x 100 FT
• Parking: 11
• Listing key: 29854264

Listing overview

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. (id:25314)