32 & 34 River Street Thorold, Ontario L0S 1K0
$699,900
A Rare Twin Semi Detached 4-Plex with 3-3 Bedrooms and 1-1+1 Bedrooms, $60,000+ yearly rental income currently . There is potential for rents to be increased an extra $1395 monthly when units become re-rented at current market rates One 3-Bedroom unit is becoming available in January they have been paying $1400 /mo. that can be increased to $1800/mo. The owner has the City rental permit for all units and the permit is transferable to the new owners. Tenants Pay their own Hydro and Gas. Owner pays for Water. All leases are Month to Month. All separately metered. One unit has gas and the other units have baseboard heaters. ***NEW ROOF 2024*****NEW FRONT PORCH 2021****LOWER UNIT NEW FURNACE INSTALLED 2015****NEW DECK PATIO 2019****ALL NEW WATER TANKS 5 YEARS AGO OWNED. NEW Floor plus Apartment facelifts by unit and date. 32 Upper Renovated 2017. 32 Lower Renovated 2020. Upper........2019. Lower Renovated 2019. Office Unit......2015. Building is Only 30 years old!!! Property located in a scenic Village Setting! Close to Brock University 7 min. and Niagara College 14 min. Very Close to the Welland Canal's twinned flight locks where ships climb the mountain!! Great tourist attraction. Approx. 3800 Sq Ft of Total Living Space !!!!! HUGE 55 x 173' DEEP Lot! AVM Range to $773,852 . VENDOR IS MOTIVATED had the property for nearly a decade & WILLING TO HOLD A FIRST MORTGAGE FOR THE RIGHT BUYER or Small 2nd !! Cap rate is 5%+ ! (id:61852)
Property Details
| MLS® Number | X12652124 |
| Property Type | Multi-family |
| Community Name | 561 - Port Robinson |
| AmenitiesNearBy | Golf Nearby, Park, Public Transit, Schools |
| Features | Wooded Area |
| ParkingSpaceTotal | 4 |
| Structure | Deck, Patio(s), Porch, Shed |
| ViewType | River View |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 10 |
| BedroomsTotal | 10 |
| Age | 16 To 30 Years |
| Amenities | Separate Electricity Meters |
| ArchitecturalStyle | Raised Bungalow |
| BasementDevelopment | Finished |
| BasementFeatures | Separate Entrance, Walk Out, Apartment In Basement |
| BasementType | N/a, N/a (finished), N/a |
| CoolingType | None |
| ExteriorFinish | Brick, Vinyl Siding |
| FireProtection | Smoke Detectors |
| FoundationType | Poured Concrete |
| HeatingFuel | Electric, Natural Gas |
| HeatingType | Baseboard Heaters, Forced Air, Not Known |
| StoriesTotal | 1 |
| SizeInterior | 2000 - 2500 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Golf Nearby, Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 173 Ft ,6 In |
| SizeFrontage | 55 Ft |
| SizeIrregular | 55 X 173.5 Ft |
| SizeTotalText | 55 X 173.5 Ft|under 1/2 Acre |
| SurfaceWater | River/stream |
Interested?
Contact us for more information
Robert F. Parro
Salesperson
755 Queensway East Unit 207
Mississauga, Ontario L4Y 4C5
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December 31 2025 06:15:12
Toronto Real Estate Board
RE/MAX Success Realty