22 & 24 River Street, Thorold, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Port Robinson. Expertly crafted featuring premium concrete and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,125,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 16 Bedrooms and 9 Bathrooms with 9 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 89.38 x 159.7 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 9.0 total parking spaces available
- Notable attributes: Floor Drain, Separate Hydro Meter, Water Meter
- equipped with window unit(s) central cooling and highly efficient baseboard heating via electric
Description
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 Mortgage with a reasonable down payment for 2 years at 4.5%
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Property Summary
This multiplex located at 22 & 24 River Street, Thorold is currently for sale and has been available on SousaSells for 136 days. This property is listed at $1,125,000 with an estimated mortgage of $3,745* per month. It has 16 beds, 9 bathrooms, and is 5000 + square feet. 22 & 24 River Street, Thorold is in the Port Robinson neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 16 bedrooms and 9 bathrooms, this home offers ample space and comfort for growing families in Port Robinson, Thorold.
- •16 spacious bedroom layout offering versatile living space
- •9 well-appointed bathrooms
- •5000 + sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Port Robinson, Thorold.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Campground
- Greenbelt/Conservation
- Hospital
- Park
- Place Of Worship
- River/Stream
Interior Features
- Floor Drain
- Separate Hydro Meter
- Water Meter
- Sump Pump
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 22 & 24 River Street, Thorold, ON
Q.What is the asking price for 22 & 24 River Street, Thorold, ON ?
The current listing price for 22 & 24 River Street, Thorold, ON in Port Robinson, Thorold is $1,125,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 16 bedrooms and 9 bathrooms across approximately 5000 + sqft.
Q.What property type and architectural style is 22 & 24 River Street, Thorold, ON ?
22 & 24 River Street, Thorold, ON is a Multiplex (2-Storey) featuring a Apartment basement.
Q.What key property features does 22 & 24 River Street, Thorold, ON offer?
Key property features include: Campground, Greenbelt/Conservation, Hospital, Park, Place Of Worship, River/Stream.
Q.What interior features are included in this home?
Interior highlights include: Floor Drain, Separate Hydro Meter, Water Meter, Sump Pump.
Q.Is parking available at this property?
Yes, this property offers parking space for 9.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via Window Unit(s).
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Port Robinson, Thorold
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 22 & 24 River Street, Thorold, ON L0S 1K0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Thorold, ON
For a property listed at $1,125,000 in Thorold, the legal minimum down payment is $225,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $18,975 for this transaction. As this listing is in Thorold (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $18,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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