About this property

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.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X13240754
Status	Active
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	3,000 sq ft
Lot Size	5,995 sq ft
Beds / Baths	14 bed · 7 bath
Neighbourhood	557 - Thorold Downtown
City	Thorold
Postal Code	L2V 2S7
Province	ON
Listed Date	June 4, 2026
Days on Market	63
Price per Sq Ft	$500
Brokerage	RE/MAX WEST REALTY INC.