55 John Street
About This Home
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.
Property Information
Building Details
Features & Amenities
Financials & Fees
Inclusions & Exclusions
All washers and dryers, stoves, pizza oven at the basement.
Location
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Source: Toronto Regional Real Estate Board (TRREB), via PropTx Innovations Inc.
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