55 John Street N
55 John Street N
$1,300,000
3 days on market
About This Listing
Legal five-plex featuring seven well-appointed apartment units, each offering 2 bedrooms and 2 bathrooms, ideally located in downtown Thorold. This fully tenanted property generates strong and stable income with an approximate 6% cap rate. An excellent opportunity for both investors and owner-occupiers seeking to offset living costs with rental income. The building has been updated with renovated units and exterior improvements, enhancing both tenant appeal and long-term value. No rental items or contracts are associated with the property, ensuring straightforward ownership and lower operating complexity. Vendor take-back (VTB) financing may be available for qualified buyers. The building's roof and chimney have been recently replaced with new ones.
| Monthly Mortgage (P&I) | $5,664 |
| Property Tax (MLS) | $554 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $6,218 |
Down payment: $260,000 (20.0%) · Mortgage: $1,040,000
Property tax uses MLS annual tax of $6,650/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by RE/MAX WEST REALTY INC.
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Data last updated: August 23, 2026 at 12:26 p.m.