This is a Great Opportunity to acquire this Rare 9-Unit Multi-Residential Investment property in Thorold which offers currently $60,000 net operating Income yearly but the potential to increase to $72,000+net income when the 2 Bedroom becomes rented for $1450./mo. 22-24 River Street which is located in the historic hamlet of Port Robinson, Thorold is situated on the east bank of the Welland Canal. 2nd Floor front tenants enjoy a view of the Canal as the ships go by.
7 out of 9 Units have been updated ! 8 out of 9 units pay their own Hydro being separately metered! Residential License for both Properties til Feb 2028!
New Gravel was laid down the private driveway and all through the back area where the 9 car parking is. Half the Roof was replaced in 2024 (Bill included). Vendor will hold a first mortgage with 20% Down Payment and is Motivated to sell since he will be retiring after owning the building for a decade.
2 Furnaces, All Electric Light Fixtures, 9-Parking Spaces in back of property
