Advantage Group Real Estate
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$1,125,000
22 & 24 River Street • Thorold, ONPrice Change▼ 5.46%
Courtesy of RE/MAX SUCCESS REALTY
16
Bedrooms
9
Bathrooms
5000 +
Square feet
9
Parking

About this home

Newly Lowered Price!! This is a Great Opportunity to acquire this Rare 9-Unit Multi-Residential Investment property in Thorold which will offer about $72,000 net operating Income yearly when the 2 Bedroom becomes rented at $1450./mo. 22-24 River Street which is located in the historic hamlet of Port Robinson, Thorold is situated on the east bank of the Welland Canal. 2nd Floor front tenants enjoy a view of the Canal as the ships go by. 7 out of 9 Units have been updated ! 8 out of 9 units pay their own Hydro being separately metered! Residential License for both Properties til Feb 2028! New Gravel was laid down the private driveway and all through the back area where the 9 car parking is. Half the Roof was replaced in 2024 (Bill included). Vendor will hold a first mortgage with 20% Down Payment and is Motivated to sell since he will be retiring after owning the building for a decade.

Property details

Property type
Multiplex
Style
2-Storey
Total rooms
34
Lot size
89.38 × 159.7 ft
Property taxes
$9,463 (2025)
Occupancy
30-60days flexible
Days on market
104
Status
Active
MLS®

Property history

Location

Open in Google Maps

Recently sold nearby

Listing data last updated: Jul 27, 2026, 1:03 p.m. EDT via TRREB IDX.

First listed: Apr 15, 2026, 1:32 p.m. EDT.