55 John Street N

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.

Details

Type

Multiplex

Style

2-Storey

Size

3000-3500 sq ft

Lot

60 × 100 ft

Basement

Finished with Walk-Out

Garage

Attached

Kitchens

7

Property tax

$6,650 (2025)

Neighbourhood

557 - Thorold Downtown

Municipality

Thorold

Interior

Bedrooms

14 above ground

Bathrooms

2 × 3-piece (main), 2 × 3-piece (main), 2 × 3-piece (second), 1 × 3-piece (basement)

Rooms

28 above ground

Family room or den

No

Fireplace

No

Heating, cooling and services

Water and sewer

Sewer

Building and exterior

Style

2-Storey

Exterior

Brick, Stone

Roof

Asphalt Shingle

Foundation

Block, Poured Concrete

Faces

East

Outdoor

Porch, Privacy, Landscaped

Parking

Garage spaces

1

Total parking

11

Driveway and parking

Available

Lot

Size

60 × 100 ft (irregular)

Acreage

100 +

More

Possession

Flexible

Nearby

Public Transit, Rec./Commun.Centre, School Bus Route, Sloping

Cross street

Corner of John Street and McNamara Street