Home ›Listings ›Thorold ›X13240754

55 John Street Thorold ON

📍 Thorold, Ontario L2V 2S7

$1,500,000

Active
14BEDS
7BATHS
11PARKING
7KITCHENS
60×100LOT (FT)

📋 Listing Highlights

StatusActive
MLS®X13240754
ListedJun 4, 2026
Days on Market—
Property TypeResidential Freehold
StyleMultiplex
Cross StreetCorner of John Street and McNamara Street
PossessionFlexible

📝 Listing Description

Legal five-plex featuring seven well-appointed apartment units, each offering 2 bedrooms and 2 bathrooms , ideally located in downtown Thorold. This fully tenanted property generates strong and stable income with an approximate 6% cap rate. An excellent opportunity for both investors and owner-occupiers seeking to offset living costs with rental income. The building has been updated with renovated units and exterior improvements, enhancing both tenant appeal and long-term value. No rental items or contractors are associated with the property, ensuring straightforward ownership and lower operating complexity. Vendor Take-Back (VTB) financing may be available for qualified buyers.

🏠 Property Details

Property TypeResidential Freehold
StyleMultiplex
Bedrooms14
Bathrooms7
Kitchens7

📐 Lot & Land

Lot Width60 ft
Lot Depth100 ft
Lot Size5995.49 sqft
Cross StreetCorner of John Street and McNamara Street

🔧 Building & Utilities

Heat SourceOther
HeatingOther
CoolingOther
BasementFinished with Walk-Out
GarageAttached
Garage Spaces1
Parking11
ConstructionBrick, Stone
RoofAsphalt Shingle

💰 Financial

List Price$1,500,000
Annual Taxes$6,650 (2025)
PossessionFlexible

🧮 Mortgage Calculator

$300,000
Est. Monthly Payment
$7,369/mo
Principal: $1,200,000 · P+I only
Does not include taxes, insurance or CMHC

📍 Location

Listing provided by RE/MAX WEST REALTY INC.Data via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #X13240754 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.