22 & 24 River Street
Thorold, ON
- 16 bed
- 9 bath
- approx. 5000 + sqft
- Multiplex
- 157 days on market
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 61,000/1125000= 6.4% currently. Great potential to produce $198,000 in Gross Revenue less $61,000 expenses having a return on Investment at 137,000/1,125,000=12.2% 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!!
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $9,463
- Originally Listed
- $1,395,000
- Listed
- April 15, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Concrete, Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- Floor Drain, Separate Hydro Meter, Water Meter, Sump Pump
- Lot Size
- 89.38 x 159.7 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 9
Utilities
- Sewer
- None
- Heat Source
- Electric
Location & Legal
- Cross Street
- Bridge Street and River Street
- Parcel Number
- 644290032
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 2 Furnaces, All Electric Light Fixtures, 9-Parking Spaces in back of property
- Exclusions
- 3 WaterTanksRental
- Rental Items
- 3-RentalWaterTanks
Schools
Secondary
- ÉSC Saint-Jean-de-Brébeuf3.9 km
French Catholic · CS catholique MonAvenir · 390 students
Grade 10 literacy: 91% met the provincial standard
Elementary
- Quaker Road Public School4.8 km
Public · DSB Niagara · 585 students
Grade 3 reading: 87% met the provincial standard · Grade 6 math: 65% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L0S
- Population
- 60,409
- Private dwellings
- 28,128
- Median age
- 53.2
- Average household size
- 2.4
- Median household income
- $95,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Thorold · last 12 months
- Median sold price
- $589,888
- Homes sold
- 372
- Median days on market
- 30
- Sale-to-list price
- 96.4%
Based on 372 recorded sales of residential freehold properties in Thorold over the last 12 months.
Listed by
RE/MAX SUCCESS REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$199,800
Estimated Monthly Payment
$4,908
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,908/mo (20% down, 5.5%)
Taxes: $789/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
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