55 John Street
Thorold, ON
- 14 bed
- 7 bath
- approx. 3000-3500 sqft
- Multiplex
- 34 days on market
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.
Listing Details
- Taxes (2025)
- $6,650
- Listed
- August 18, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick, Stone
- Roof
- Asphalt Shingle
- Foundation
- Block, Poured Concrete
- Interior
- Other
- Lot Size
- 60 x 100 Feet
Parking
- Garage
- Attached
- Covered Spaces
- 1
- Total Parking
- 11
Utilities
- Water
- Water System
- Sewer
- Sewer
- Heat Source
- Other
Location & Legal
- Cross Street
- Corner of John Street and McNamara Street
- Zoning
- R3
- Parcel Number
- 644520210
- Possession
- Flexible
- Occupancy
- Owner+Tenant
Included
- Inclusions
- All washers and dryers, stoves, pizza oven at the basement.
- Rental Items
- none
Schools
Secondary
- Thorold Secondary School0.4 km
Public · DSB Niagara · 700 students
Grade 10 literacy: 92% met the provincial standard
- Pope Francis Catholic Secondary School0.9 km
Catholic · Niagara CDSB · 190 students
- Niagara Catholic Online Secondary School0.9 km
Catholic · Niagara CDSB
Elementary
- Pope Francis Catholic Elementary School0.9 km
Catholic · Niagara CDSB
- Prince of Wales Public School1.1 km
Public · DSB Niagara · 290 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 53% met the provincial standard
- Westmount Public School1.1 km
Public · DSB Niagara · 230 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 61% 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 L2V
- Population
- 19,795
- Private dwellings
- 8,400
- Median age
- 37.6
- Average household size
- 2.5
- Median household income
- $80,000
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 WEST REALTY INC.
Walk Score
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Location
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Mortgage Calculator
$260,000
Estimated Monthly Payment
$6,387
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: $6,387/mo (20% down, 5.5%)
Taxes: $554/mo · Insurance: $325/mo
Estimates only. Consult a financial advisor.
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