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
9 Unit Multi Residential Investment property producing annually $121,860 Gross Revenue, expenses $61,000 with Return on investment at 61,000/1125000= 6.4% currently. Great potential to produce $198,000 in Gross Revenue less $61,000 expenses having a return on Investment at 137,000/1,125,000=12.2% 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 Mortgage with a reasonable down payment for 2 years at 4.5% (id:60351)
Inclusions
2 Furnaces,All ElectricLightFixtures, 9-Parking Spaces in back of property
Listing History
MLS# X13002648| Date | Event | MLS# | Price | Change |
|---|---|---|---|---|
| Jul 14, 2026 | Price Changed | X13002648 | $1,125,000 | -5.5% |
| May 30, 2026 | Price Changed | X13002648 | $1,190,000 | -6.7% |
| May 10, 2026 | Price Changed | X13002648 | $1,275,000 | +13.3% |
| Apr 15, 2026 | Listed For Sale | X13002648 | $1,125,000 | — |
| Apr 15, 2026 | Listed For Sale | X13002648 | $1,395,000 | — |
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