$1,236,613
Listing currency: CA$1,698,000
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43 Cleveland Street Thorold, Canada L2V 3K5
Exceptional Investment Opportunity in Downtown Thorold! Don't miss this prime investment opportunity in the heart of downtown Thorold! This attractive stone and vinyl-sided triplex, built in 2010, offers over 4,600 sq. ft. of finished living space. With 12 bedrooms and 12 bathrooms across three self-contained units, this property is ideal for mature adult living. Each unit features four spacious bedrooms each with its own private ensuite along with a bright, open-concept common area, a kitchen with dining space, in-suite coin-operated laundry, and a dedicated mechanical room. Separate forced air gas furnaces with A/C capacity in each unit provide efficient, independent climate control. The outdoor space includes a large shared yard and a generous deck, perfect for relaxing or entertaining. Security cameras throughout the property ensure added comfort and peace of mind. A large gravel parking area provides space for at least 8 vehicles. Currently tenanted with full occupancy. At current market rates, it generates a strong cap rate of over 5%, making it a sound addition to any investment portfolio. Located close to shopping, Brock University, public transit, highway access, restaurants, and everyday amenities, this turn-key property offers excellent rental appeal and long-term value. (id:38042)
Open House
Last Updated
May 29 2025 08:56:35
Data Provider
Niagara Association of REALTORS?
Listing Office
Boldt Realty Inc., Brokerage
MLS? Number: X12176537
Property Type: Multi-family
Community Name: 557 - Thorold Downtown
Amenities Near By: Public Transit, Schools
Equipment Type: None
Parking Space Total: 8
Rental Equipment Type: None
Structure: Deck, Porch
Bathroom Total: 12
Bedrooms Above Ground: 8
Bedrooms Below Ground: 4
Bedrooms Total: 12
Age: 6 To 15 Years
Appliances: Dryer, Microwave, Stove, Washer, Refrigerator
Basement Development: Finished
Basement Type: Full (finished)
Cooling Type: Central Air Conditioning
Exterior Finish: Stone, Vinyl Siding
Foundation Type: Poured Concrete
Heating Fuel: Natural Gas
Heating Type: Forced Air
Stories Total: 2
Size Interior: 3,000 - 3,500 Ft2
Type: Triplex
Utility Water: Municipal Water
Acreage: No
Land Amenities: Public Transit, Schools
Sewer: Sanitary Sewer
Size Depth: 121 Ft
Size Frontage: 66 Ft ,9 In
Size Irregular: 66.8 X 121 Ft
Size Total Text: 66.8 X 121 Ft|under 1/2 Acre
Zoning Description: R3c
Cable: Installed
Electricity: Installed
Sewer: Installed
Amenities
- Bedrooms: 12
- Full Bathrooms: 12
- Partial Bathrooms: 0
- Property Type: Triplex
- Home size: 32,291 ft2 / 2,999.91 m2
- MLS: 19224-X12176537
- Status: Active
Property brokered by
Boldt Realty Inc., Brokerage
+1 289 3623232
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