22 & 24 River Street Thorold, Ontario L0S 1K0
$1,395,000
This Rare 9-Unit Multi-Residential Investment property in Thorold offers a storybook setting at 22 & 24 River Street which is located in the historic hamlet of Port Robinson, situated on the east bank of the Welland Canal. 2nd Floor tenants in the front 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). There are 2-Natural Gas furnaces which cover 2 units the Seller pays for. Expenses : (3) Water Rental Tanks Rentals $1750 yearly, Gas $2300, Water $1500, Hydro $2800, Maintenance is around $2500Insurance $6350. ***For Rental Roll see attachments**. Property Valued at $155,000 per Unit x 9 units, 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 2 doors away. Less than 1 % of properties in Thorold are multi-residential. This is your chance to acquire a solid building. Seller is willing to Take Back a 1st. Mortgage with 15%-20% Down payment !!! Inspection Report will be available Monday April 20th, by a Certified Master Inspector please request from agent. Thank you (id:56248)
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 | 9 |
| 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 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
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 |
Interested?
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April 20 2026 01:13:41
Toronto Regional Real Estate Board
RE/MAX Success Realty