22 & 24 River Street
561 - Port Robinson, Thorold, L0S 1K0
FOR SALE
$1,190,000

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BEDROOMS9
BATHROOMS9
KITCHENS34
ROOMSX13002648
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Property Description
Newly Lowered Price!! This is a Great Opportunity to acquire this Rare 9-Unit Multi-Residential Investment property in Thorold which will offer about $72,000 net operating Income yearly when the 2 Bedroom becomes rented at $1450./mo. 22-24 River Street which is located in the historic hamlet of Port Robinson, Thorold is situated on the east bank of the Welland Canal. 2nd Floor front tenants 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). Vendor will hold a first mortgage with 20% Down Payment and is Motivated to sell since he will be retiring after owning the building for a decade.
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Property Features
Campground, Greenbelt/Conservation, Hospital, Park, Place Of Worship, River/Stream, Floor Drain, Separate Hydro Meter, Water Meter, Sump Pump, Available, Boulevard, Private
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Property Details
Address
22 & 24 River Street
Community
City
Postal Code
L0S 1K0
Property Type
Multiplex, Multiplex
Lot Size
89' x 160'
Taxes
$9,463 (2025
Basement
Apartment
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Garage Type
None
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Listing contracted with Re/Max Success Realty
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