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$1,125,000
Available - For Sale
Listing ID: X13002648
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%
Price $1,125,000
Taxes: $9,463
Assessment Year: 2025
Occupancy by: Tenant
Address: 22 & 24 River Street , Thorold, L0S 1K0, Niagara
Acreage: < .50
Directions/Cross Streets: Bridge Street and River Street
Rooms: 34
Bedrooms: 16
Bedrooms +: 0
Washrooms: 9
Family Room: F
Basement: Apartment
No. of Pieces Level
Washroom 1 4
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 4
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 4
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 4
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 4
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Washroom 26 4
Washroom 27 0
Washroom 28 0
Washroom 29 0
Washroom 30 0
Washroom 31 4
Washroom 32 0
Washroom 33 0
Washroom 34 0
Washroom 35 0
Washroom 36 4
Washroom 37 0
Washroom 38 0
Washroom 39 0
Washroom 40 0
Washroom 41 4
Washroom 42 0
Washroom 43 0
Washroom 44 0
Washroom 45 0
Washroom 46 4
Washroom 47 0
Washroom 48 0
Washroom 49 0
Washroom 50 0
Washroom 51 4
Washroom 52 0
Washroom 53 0
Washroom 54 0
Washroom 55 0
Washroom 56 4
Washroom 57 0
Washroom 58 0
Washroom 59 0
Washroom 60 0
Washroom 61 4
Washroom 62 0
Washroom 63 0
Washroom 64 0
Washroom 65 0
Washroom 66 4
Washroom 67 0
Washroom 68 0
Washroom 69 0
Washroom 70 0
Washroom 71 4
Washroom 72 0
Washroom 73 0
Washroom 74 0
Washroom 75 0
Washroom 76 4
Washroom 77 0
Washroom 78 0
Washroom 79 0
Washroom 80 0
Washroom 81 4
Washroom 82 0
Washroom 83 0
Washroom 84 0
Washroom 85 0
Washroom 86 4
Washroom 87 0
Washroom 88 0
Washroom 89 0
Washroom 90 0
Washroom 91 4
Washroom 92 0
Washroom 93 0
Washroom 94 0
Washroom 95 0
Washroom 96 4
Washroom 97 0
Washroom 98 0
Washroom 99 0
Washroom 100 0
Washroom 101 4
Washroom 102 0
Washroom 103 0
Washroom 104 0
Washroom 105 0
Property Type: Multiplex
Style: 2-Storey
Exterior: Concrete
Vinyl Siding
Garage Type: None
(Parking/)Drive: Available,
Drive Parking Spaces: 0
Park #1
Parking Type: Available,
Park #2
Parking Type: Available
Park #3
Parking Type: Boulevard
Pool: None
Other Structures: Fence - Partia
Approximatly Square Footage: 5000 +
Property Features: Campground
Greenbelt/Conserva
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Baseboard
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: None
Utilities-Cable: Y
Utilities-Hydro: Y
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX SUCCESS REALTY

22 & 24 River Street , Thorold, L0S 1K0, Niagara

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Arash Salehrad
Broker
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(647)402-5949
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(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Freehold - Multiplex
Area: Niagara
Municipality: Thorold
Neighbourhood: 561 - Port Robinson
Style: 2-Storey
Lot Size: x 159.70(Feet)
Approximate Age:
Tax: $9,463
Maintenance Fee: $0
Beds: 16
Baths: 9
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
Locatin Map:
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949