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120 Niagara Falls Road Thorold, Ontario L2V 1H5
$475,000
This unique property is a legal 4-plex with NC-1 zoning which permits residential and some small commercial uses (personal services, hair salon, etc. - signs are also permitted). This is a great opportunity for someone who would like to run a business out of their home (live in one apartment, use the street-facing apartment for their business) and supplement a mortgage with rent from the remaining 2 residential units. This property is ideally situated in Thorold surprisingly close to the 406, Pen Centre, Brock University, transit and all amenities. Located directly across the street from the Thorold Multimodal Hub, a newly created industrial complex connected to rail lines and offers direct access to any port in the world from its berth on the Welland Canal. These 4 apartments (3 x 1 bedrooms, 1 x bachelor apartment) are all currently tenanted and generate $34,800/year in rent, offering steady income. With a cap rate of 5%, this is a prime investment opportunity in a thriving area of Thorold. Detached 2-car garage for potential added income. Additional perks include ample parking in the back and an abundance of street parking. This is a legal 4-plex, licensed with the City of Thorold. (id:51640)
Property Details
| MLS® Number | 40481662 |
| Property Type | Office |
| Amenities Near By | Public Transit, Schools |
| Equipment Type | Water Heater |
| Parking Space Total | 5 |
| Rental Equipment Type | Water Heater |
Building
| Basement Type | Full |
| Exterior Finish | Stucco, Vinyl Siding |
| Foundation Type | Poured Concrete |
| Stories Total | 2 |
| Size Exterior | 2606.0000 |
| Utility Water | None |
Parking
| Detached Garage |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 129 Ft |
| Size Frontage | 35 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Nc-1 |
https://www.realtor.ca/real-estate/26041020/120-niagara-falls-road-thorold
ROYAL LEPAGE NRC REALTY
33 Maywood Ave
St. Catharines, Ontario L2R 1C5
33 Maywood Ave
St. Catharines, Ontario L2R 1C5
(905) 688-4561
www.nrcrealty.ca/
ROYAL LEPAGE NRC REALTY
33 Maywood Ave
St. Catharines, Ontario L2R 1C5
33 Maywood Ave
St. Catharines, Ontario L2R 1C5
(905) 688-4561
www.nrcrealty.ca/
JULIE NICKERSON
Salesperson
(905) 984-0061
Salesperson
(905) 984-0061
ROYAL LEPAGE NRC REALTY
33 Maywood Ave
St. Catharines, Ontario L2R 1C5
33 Maywood Ave
St. Catharines, Ontario L2R 1C5
(905) 688-4561
www.nrcrealty.ca/
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September 29 2023 08:22:29
Niagara Association of REALTORS®
Royal LePage NRC Realty
CONTACT ME
1815 Merrittville Hwy
Fonthill, ON 0S 1E6
Office: (905) 892-0222
Mobile: (905) 980-1199
Email: rinat@royallepage.ca
TESTIMONIAL
Highly recommend Rina! Listed and sold in 13 days in Fonthill! She is very dedicated to her profession and her clientele! Many thanks Rina!
Cathy & Rick Hatt
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