22 &Amp 24 River Street Thorold, ON L0S 1K0
Listing Courtesy of: PropTX - IDX / Listed By: Re/Max Success Realty

  22 &Amp 24 River Street Thorold, ON L0S 1K0

Active
$1,125,000 (CAD)
16
BED
9
BATH
5000 +
SQFT
See Similar Listings

Description

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 Mortgage with a reasonable down payment for 2 years at 4.5%

MLS®:
X13002648
Taxes
$9,463(2025)
Type
Multifamily
Style
2-Storey
County
Regional Municipality of Niagara
Community
561 - Port Robinson

Listed By

Re/Max Success Realty
Source
PropTX - IDX
Last checked Aug 28 2026 at 5:02 AM EDT
Bathroom Details
Interior Features
  • Sump Pump
  • Water Meter
  • Separate Hydro Meter
  • Floor Drain
Property Features
  • Foundation: Concrete
Heating and Cooling
  • Baseboard
  • Window Unit(s)
Basement Information
  • Apartment
Pool Information
  • None
Exterior Features
  • Vinyl Siding
  • Concrete
  • Roof: Asphalt Shingle
Utility Information
  • Sewer: None
  • Fuel: Electric
  • Energy: Energy Certificate: No
Garage
  • None
Parking
  • Private
  • Available
  • Boulevard
Stories
  • 2

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jul 14, 2026
Price Changed
$1,125,000
-5%
-$65,000
May 30, 2026
Price Changed
$1,190,000
-7%
-$85,000
May 09, 2026
Price Changed
$1,275,000
-6%
-$75,000
Apr 27, 2026
Price Changed
$1,350,000
-3%
-$45,000
Powered by Walk Score®
Disclaimer: Copyright 2026 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/27/26 22:02

ABOUT US

About Us

Media Assets

Blog

Contact Us

WHY CHOOSE C21

Why Choose C21?

Specialty Markets

Our Partners

Supporting Our Communities

JOIN US

Franchising

Careers

C21_Seal_RelentlessGold_4C

Terms & Conditions  |  Privacy Policy

Century 21 Canada Limited Partnership currently has franchise opportunities available in select markets across Canada. The intent of this communication is for informational purposes only and is not intended to be a solicitation to anyone under contract with another real estate brokerage organization. CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC, used under license. Each office is independently owned and operated. ®(™) Registered trademarks of Century 21 Real Estate LLC used under license.

The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.