Advantage Group Real Estate
22 & 24 River Street • Thorold, ON photo 1
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$999,000
22 & 24 River Street • Thorold, ONPrice Change▼ 11.20%
Courtesy of RE/MAX SUCCESS REALTY
16
Bedrooms
9
Bathrooms
5000 +
Square feet
9
Parking

About this home

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 61,000/1125000= 6.4% currently. Great potential to produce $198,000 in Gross Revenue less $61,000 expenses having a return on Investment at 137,000/1,125,000=12.2% 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!!

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
155
Status
Active
MLS®

Property history

Location

Open in Google Maps

Recently sold nearby

Listing data last updated: Sep 15, 2026, 1:52 p.m. EDT via TRREB IDX.

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