ON > Thorold > 561 - Port Robinson
Thorold, ON L0S 1K0,32 & 34 River ST
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Thorold, ON L0S 1K0,32 & 34 River ST
Thorold, ON L0S 1K0,32 & 34 River ST
Thorold, ON L0S 1K0,32 & 34 River ST
Thorold, ON L0S 1K0,32 & 34 River ST
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Khoa Le

Khoa Le

+1(647) 271-5461
$ 820,000
Est. payment /mo
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32 & 34 River ST Thorold, ON L0S 1K0

10 Beds

5 Baths

UPDATED:

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

Listed by RE/MAX SUCCESS REALTY
Khoa Le

Khoa Le

Broker

+1(647) 271-5461

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32 & 34 River ST