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$699,900
Thorold
9 Water Street, Thorold (Thorold Downtown), Ontario, L2V2J9
This multi-family property in Thorold is for sale.
Turn-key, well-kept legal triplex located at 9 Water Street in Thorold, close to all amenities, shopping, schools, parks, transit, downtown Thorold, Brock University, and highway access.This clean brick property offers a strong opportunity for investors or owner-occupiers, featuring spacious units, solid income potential, and future upside. The building includes a large main floor 3-bedroom unit plus two additional units, with 2 units currently vacant and ready to be rented at market rents.Recent updates include a new boiler system and vinyl windows, providing added peace of mind for the next owner. The property sits on a large lot with potential for future expansion or additional units, subject to city approvals. There is also potential for a basement in-law suite, creating further income possibilities.A detached garage offers additional rental income or storage. A clean, solid, income-producing property with vacant units, market rent upside, garage income potential, and future value-add opportunities in a convenient Thorold location close to everything. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 142 days on market, against an average age of 81 days across the listings currently for sale in this city
This 5-bed multi-family in Thorold (Thorold Downtown) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $699,900, about 8.7× the local median household income of $80,000.
Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 71% above the area median.
Source: Statistics Canada, 2021 Census (FSA L2V)
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Loading rates, 30-yr amortization
Cash Needed to Close
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