$849,900

For sale

17 Queen Street North, Thorold (Thorold Downtown), Ontario, L2V2P7

6 bd3 ba6 pk2,250 ft²Lot size 75 × 167 ft (12,475 sq ft)

Listed by ROYAL LEPAGE NRC REALTY

28 Chapel Street South, Thorold (Thorold Downtown), Ontario, L2V2C6

For salePrice drop

35 days ago

$830K$880K

↓ $50K (6%) price drop

28 Chapel Street South, Thorold (Thorold Downtown), Ontario, L2V2C6

7 bd4 ba6 pk3,250 ft²Lot size 66 × 132 ft (8,752 sq ft)

Listed by BOLDT REALTY INC., BROKERAGE

31 Pine Street North, Thorold (Thorold Downtown), Ontario, L2V2P1

For sale

55 days ago

$549K

31 Pine Street North, Thorold (Thorold Downtown), Ontario, L2V2P1

5 bd3 ba5 pk2,250 ft²Lot size 64 × 108 ft (6,869 sq ft)

Listed by Century 21 Heritage House LTD

15 St David Street West, Thorold (Thorold Downtown), Ontario, L2V2L1

For sale

59 days ago

$800K

15 St David Street West, Thorold (Thorold Downtown), Ontario, L2V2L1

7 bd3 ba12 pk4,250 ft²Lot size 138 × 190 ft (26,248 sq ft)

Listed by ROCKHAVEN REALTY INC.

Investment analysis

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$849,900

Thorold

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21 PINE Street South, Thorold (Thorold Downtown) - Multi-family for Sale

21 PINE Street South, Thorold (Thorold Downtown), Ontario, L2V3L1

5 beds2 baths11 parking1,750 ft²63 × 165 ft (10,395 sq ft) lot sizeListed 12 days ago

Overview

This multi-family property in Thorold is for sale offering roughly 1,750 sq ft of space. It has been on the market 12 days, fresher than the Thorold average of 81 days.

Multi-Family Properties for Sale in Thorold →All real estate in Thorold →

Description

RARE OPPORTUNITY: Large downtown Thorold site with renovation income now and major development potential later! Set in the heart of downtown Thorold, this 63 x 165 ft lot offers a rare combination of income now with a Reno and long-term upside. The property includes a legal duplex and a large detached 3 car garage with shop. Once renovated, the current structures are positioned to generate great rental income and the R3 zoning and generous lot size leave room for future redevelopment. Walking distance to restaurants, shops, schools, parks, and amenities. Buyer to confirm permitted uses, density, height, servicing, and approvals with the City of Thorold. Seller makes no representation or warranty regarding renovation costs, rental income, or future development potential. (id:66096)

Property Details

MLS®: X14109666
Property Type: Multi-family
Zoning: C2
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 11
Interior Size: 1,750 ft²
Lot Size: 63 × 165 ft (10,395 sq ft)
Frontage: 63 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Property Tax: $3,612/yr
Listed: 12 days ago

Features

Foundation: Concrete
Exterior: Brick, Stucco

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Thorold (Thorold Downtown) listings, avg age

81d

Price / ft²

$486

List price

$850K

Haho

This 5-bed multi-family in Thorold (Thorold Downtown) has been listed for 12 days, which is 69 days fresher than the city average of 81. Act while there is still low competition.

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Listed by REVEL Realty Inc., Brokerage · Jessie MacDonald

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2V)

This home lists at $849,900, about 10.6× the local median household income of $80,000.

Carrying it typically needs a household income of about $166,015 (20% down, 25-yr amortization, stress-tested) — roughly 108% above the area median.

Median household income: $80,000
Population: 19,795
Median age: 37.6
Owner / renter: 68% / 32%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L2V)

$849,900· $486/ft²

For sale

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Full Cost Breakdown

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Down Payment7.06% · $59,990

Min 7.06%50%

Mortgage payment$4,379/mo

↳ CMHC premium ($31,596 capitalized)

Property tax (est.)$301/mo

Total monthly$4,680

Cash Needed to Close

Down payment (7.06%)$59,990

Land transfer tax$13,473

Est. closing costs$5,050

Total cash needed$78,513

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