32 & 34 River ST new Save Request In-Person Tour Request Virtual Tour
Thorold,ON L0S 1K0
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 561 - Port Robinson
MLS Listing ID X12565456
Style Bungalow-Raised
Bedrooms 10
Annual Tax Amount $5,765
Tax Year 2025
Property Sub-Type Fourplex
Property Description
A Rare Twin Semi Detached 4-Plex with City Rental . Permits which are transferrable! 34River St.-upper unit$1600./mo. 1030SqFt 3Bedroom1Bath. 32River St-UpperUnit.$1300./mo. 1030SqFt 3Bedroom1Bath. 32River St.-Lower Unit-$1400./mo. 1030Sq Ft. 3-Bedroom 1Bath. 34 River St.-lower unit $665./mo. 600SqFt 1-Bedroom1Bath. 34River St-office unit $ 50./mo. TOTAL $5015/mo .....$60,180.00 Gross Income. Operating Costs: Property Taxes: $5765.00('25). WaterBill (owner)$2576.50('24). Insurance : $3199.02 ('24). Maintenance. $2450.00.('24). Total.Operating Costs : $13,990.52. Net Operating Income $46,189.48.approx. Cap Rate: 46,189.48/820,000=0.0563 or 5.6%. Tenants Pay their own Hydro and Gas. Owner pays for Water. All leases are Month to Month. All separately metered. The only unit that has gas is 32 Lower Unit.The other units have base board heaters. Please note there are income arrears for $10,000 unit 34 Upper due to some family situations. They will be repaying a portion back each month until paid in full. Call agent for updates. ***NEW ROOF 2024*****NEW FRONT PORCH 2021****32 LOWER UNIT NEW FURNACE INSTALLED 2015****NEW DECK PATIO 2019****ALL NEW WATER TANKS 5 YEARS AGO OWNED. NEW Floor plus Apartment facelifts by unit and date. 32 Upper Renovated 2017. 32 Lower Renovated 2020. Upper........2019. Lower Renovated 2019. Office Unit......2015. Building is Only 30 years old. Property located in a scenic Village Setting! Close to Brock University 7 min. and Niagara College 14 min. Very Cose to the Welland Canal's twinned flight locks where ships climb the mountain!! Great tourist attraction. Approx. 3800 Sq Ft of Total Living Space !!!!!
Location
Province ON
County Niagara
Community 561 - Port Robinson
Area Niagara
Rooms
Family Room No
Basement Separate Entrance,Finished with Walk-Out,Apartment
Kitchen 4
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Electric
Exterior
Exterior Feature Deck,Patio,Porch
Parking Features Mutual
Garage Spaces 2.0
Pool None
View Canal,Golf Course,Panoramic,River,Trees/Woods
Roof Type Asphalt Shingle
Lot Frontage 55.0
Lot Depth 173.5
Total Parking Spaces 2
Building
Building Age 16-30
Unit Features Golf,Park,Public Transit,River/Stream,School,Wooded/Treed
Foundation Poured Concrete
Others
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN No
Virtual Tour https://www.ivrtours.com/unbranded.php?tourid=27879