16 Bedroom
9 Bathroom
5,000 - 100,000 ft2
Fireplace
Window Air Conditioner
Baseboard Heaters, Forced Air, Not Known
$1,395,000
This Rare 9-Unit Multi-Residential Investment property in Thorold offers a storybook setting at 22 & 24 River Street which are located in the historic hamlet of Port Robinson, situated on the east bank of the Welland Canal. 7 out of 9 Units have been updated and consists of 1-3 Bedroom $1500*. 5-2 Bedrooms,$1450. ,$1300, $1290, $950, & $630 (Live-In Super) $1450 will be the new rental price of the one vacant unit. 2-1 Bedrooms $1150, $935** 1 Bachelor $950. Coin Laundry $2500 income Yr. 8 out of 9 units pay their own Hydro being separately metered! Residential License for both Properties til Feb 2028! 1/2 Roof was replaced in 2024 Bills to be provided, 2-Natural Gas furnaces which cover 2 units the Owner pays for. (3) Water Rental Tanks $1750, Gas $2300, Water $1500, Hydro $2800, Maintenance is around $2500.Insurance $6350. Property Valued at $155,000 per Unit, based on 32 and 34 River Street selling at $162,500 given it was a newer property just a couple of months ago, on the same street same location. Most recent 8 Unit property sold for Over $220,000 per door! Less than 1 % of properties in Thorold are multi-residential . So this is a good opportunity to own this 9-Plex at a fantastic price. Pre-Inspection Report will be attached on Friday April 17th, by a Certified Master Inspector. Thank you (id:50976)
Property Details
|
MLS® Number
|
X13002648 |
|
Property Type
|
Multi-family |
|
Community Name
|
561 - Port Robinson |
|
Amenities Near By
|
Hospital, Park, Place Of Worship |
|
Features
|
Conservation/green Belt, Sump Pump |
|
Parking Space Total
|
7 |
|
Structure
|
Shed |
Building
|
Bathroom Total
|
9 |
|
Bedrooms Above Ground
|
16 |
|
Bedrooms Total
|
16 |
|
Amenities
|
Separate Electricity Meters |
|
Appliances
|
Water Meter |
|
Basement Features
|
Apartment In Basement |
|
Basement Type
|
N/a |
|
Cooling Type
|
Window Air Conditioner |
|
Exterior Finish
|
Concrete, Vinyl Siding |
|
Fireplace Present
|
Yes |
|
Foundation Type
|
Concrete |
|
Heating Fuel
|
Electric |
|
Heating Type
|
Baseboard Heaters, Forced Air, Not Known |
|
Stories Total
|
2 |
|
Size Interior
|
5,000 - 100,000 Ft2 |
|
Type
|
Other |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Fence Type
|
Partially Fenced |
|
Land Amenities
|
Hospital, Park, Place Of Worship |
|
Size Depth
|
159 Ft ,8 In |
|
Size Frontage
|
89 Ft ,4 In |
|
Size Irregular
|
89.4 X 159.7 Ft |
|
Size Total Text
|
89.4 X 159.7 Ft|under 1/2 Acre |
|
Surface Water
|
River/stream |
Utilities
|
Cable
|
Installed |
|
Electricity
|
Installed |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/29609450/22-24-river-street-thorold-port-robinson-561-port-robinson
