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 contracts are associated with the property, ensuring straightforward ownership and lower operating complexity. Vendor take-back (VTB) financing may be available for qualified buyers. The building's roof and chimney have been recently replaced with new ones.
For sale
C$1,300,000
55 John St, Thorold, ON L2V 2S7
--beds
0baths
3,396sqft
Multi-5 Unit, Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
C$383/sqft
C$-- HOA
What's special
- 5 days |
- 4 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Frank Leo, Salesperson,
RE/MAX WEST REALTY INC TORONTO
Source: ITSO,MLS®#: 40856230Originating MLS®#: Cornerstone Association of REALTORS®
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Other
Cooling
- Other
Appliances
- Included: Instant Hot Water
- Laundry: Common Area
Features
- Separate Hydro Meters, Other
- Basement: Separate Entrance,Walk-Out Access,Full,Finished
- Has fireplace: No
Interior area
- Total structure area: 4,389
- Total interior livable area: 3,396 sqft
- Finished area above ground: 3,396
- Finished area below ground: 993
Property
Parking
- Total spaces: 11
- Parking features: Attached Garage, Exclusive, Private Drive Double Wide
- Attached garage spaces: 1
- Uncovered spaces: 10
Features
- Stories: 2
- Patio & porch: Porch
- Exterior features: Privacy, Private Entrance, Other
- Frontage type: East
- Frontage length: 60.00
Lot
- Size: 6,000 Square Feet
- Dimensions: 60 x 100
- Features: Irregular Lot, City Lot, Highway Access, Public Transit, Quiet Area, Schools, Shopping Nearby, Other
Details
- Additional structures: None
- Parcel number: 644520210
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi-5 Unit, Multi Family
Materials
- Brick, Stone
- Foundation: Block, Poured Concrete
- Roof: Asphalt, Asphalt Shing
Condition
- 100+ Years
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & HOA
Community
- Security: Carbon Monoxide Detector(s)
Location
- Region: Thorold
Financial & listing details
- Price per square foot: C$383/sqft
- Annual tax amount: C$6,650
- Date on market: 8/18/2026
- Inclusions: Other, All Washers And Dryers, Stoves, Pizza Oven At The Basement.
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Listed for sale | C$1,300,000C$383/sqft |
Source:  TRREB #X13689038 Report a problem | ||
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: L2V
Nearby schools
GreatSchools rating
- 4/10Maple Avenue SchoolGrades: PK-6Distance: 7.6 mi
- 3/10Gaskill Preparatory SchoolGrades: 7-8Distance: 9.1 mi
- 3/10Niagara Falls High SchoolGrades: 9-12Distance: 9.8 mi
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