22 & 24 River St
Thorold, ON L0S 1K0
For more information on this listing, contact us at: (647) 360-2908
Active
$999,000
-28.4%
22 & 24 River St Thorold, ON L0S 1K0
Multiplex
Property Type
16
Beds
9
Baths
FINAL REDUCTION VENDOR MUST SELL!! 9 Unit Multi Residential Investment property producing annually $121,860 Gross Revenue, expenses $61,000 with Return on investment at 61,000/999000= 6.1% currently. Great potential to produce $198,000 in Gross Revenue less $61,000 expenses having a return on Investment at 137,000/999,000=13.8% 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 First Mortgage for $600,000 for 2 years at 4.5% Won't Last Long!! Below the AVM amount.
MLS #
X13002648
Monthly Assoc. Fee
N/A
On Site
172 Days
Last Updated
9/24/2026
Location
Contact Agent
Ariez Reyes Tamboowalla
(647) 360-2908Property Details
Community Information
Address
22 & 24 River St, Thorold, ON L0S 1K0
Area
Niagara
City
Thorold
Community
561 - Port Robinson
Postal Code
L0S 1K0
Architecture
Bedrooms
16
Bathrooms
9
Stories
2
Style
2-Storey
Construction Materials
Concrete, Vinyl Siding
Roof
Asphalt Shingle
Foundation Details
Concrete
Basement
Apartment
Features / Amenities
Interior Features
Floor Drain, Separate Hydro Meter, Water Meter, Sump Pump
Kitchens Total
9
Other Structures
Fence - Partial, Garden Shed, Storage
Direction Faces
South
Parking Features
Available, Boulevard, Private
Cooling
Window Unit(s)
Heat Type
Baseboard
Heat Source
Electric
Property Features
Property Features
Campground, Greenbelt/Conservation, Hospital, Park, Place Of Worship, River/Stream
Acreage
< .50
Sq. Ft.
5000 +
Directions
403 to Queen Elizabeth way to 406 to 58 to 82 into Port Robinson
Tax and Financial Info
Tax Annual Amount
$9,463
Tax Year
2025
Listing Office
Listing provided courtesy of RE/MAX Success Realty.
Mortgage Calculator
Your monthly payment will be
$0,000
Loan and interest only.
Purchase price
Down payment
Mortgage values are calculated by Sierra Interactive based on the listing price provided in the TREBB datafeed. Mortgage Calculator is not part of the listing information provided by TREBB.
Price Change History
| Date | Old Price | New Price | Percent Change |
| 4/27/2026 | $1,395,000 | $1,350,000 |
-3.2%
|
| 5/9/2026 | $1,350,000 | $1,275,000 |
-5.6%
|
| 5/29/2026 | $1,275,000 | $1,190,000 |
-6.7%
|
| 7/13/2026 | $1,190,000 | $1,125,000 |
-5.5%
|
| 9/15/2026 | $1,125,000 | $999,000 |
-11.2%
|
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Listing Information Last Updated 9/24/2026
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