22 & 24 River Street Thorold, Ontario L0S 1K0
$1,395,000
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:62616)
Property Details
| MLS® Number | X13002648 |
| Property Type | Multi-family |
| Community Name | 561 - Port Robinson |
| Amenities Near By | Hospital, Park, Place Of Worship |
| Features | Conservation/green Belt, Sump Pump |
| Parking Space Total | 7 |
| Structure | Shed |
Building
| Bathroom Total | 9 |
| Bedrooms Above Ground | 16 |
| Bedrooms Total | 16 |
| Amenities | Separate Electricity Meters |
| Appliances | Water Meter |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Concrete, Vinyl Siding |
| Fireplace Present | Yes |
| Foundation Type | Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Forced Air, Not Known |
| Stories Total | 2 |
| Size Interior | 5,000 - 100,000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Partially Fenced |
| Land Amenities | Hospital, Park, Place Of Worship |
| Size Depth | 159 Ft ,8 In |
| Size Frontage | 89 Ft ,4 In |
| Size Irregular | 89.4 X 159.7 Ft |
| Size Total Text | 89.4 X 159.7 Ft|under 1/2 Acre |
| Surface Water | River/stream |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
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April 15 2026 07:16:37
Toronto Regional Real Estate Board
RE/MAX Success Realty