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22 & 24 River Street in Thorold for sale

Asking price
$999,000
Estimate (Apr 15)
$1,297,684
MLS #:
X13002648
Type:
Multiplex, 2-Storey
Approx. SQFT:
5000 +
Basement:
Apartment
16 16
89.38 x 159.7 ft lot
FINAL REDUCTION VENDOR MUST SELL!! 9 Unit Multi Residential Investment property producing annually $121,860 Gross Revenue, expenses $61,000 with Return on investment at 61,000/999000= 6.1% currently. Great potential to produce $198,000 in Gross Revenue less $61,000 expenses having a return on Investment at 137,000/999,000=13.8% 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 First Mortgage for $600,000 for 2 years at 4.5% Won't Last Long!! Below the AVM amount.

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  • Date Listed: Wednesday, April 15, 2026
  • Listing Brokerage: Re/Max Success Realty - Disclaimer: The information contained in this listing has not been verified by Re/Max Success Realty and should be verified by the buyer.
  • Virtual Tour: View Virtual Tour for 22 & 24 River Street
  • City: Thorold

    More 16 bedrooms homes for sale in Thorold

  • Neighbourhood: Port Robinson
  • Major Intersection: Bridge Street and River Street
  • Full Address: 22 & 24 River Street, Thorold, L0S 1K0, Canada, ON, Canada
  • Amenities:
  • Taxes: $9,463.00 (2025)

WHAT'S YOUR HOME WORTH?

Click here to get an instant estimate and track its value over time.