22 & 24 River Street
Thorold (Port Robinson), ON L0S 1K0
- 16Bedrooms
- 9Bathrooms
- 9Parking
- 5000 +Sq Ft
- $9,463Tax
- 89×160 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 22 & 24 River Street, Thorold, Port Robinson
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-04-15 | 2026-10-14 | Login to See Prices | Sold Conditional | x13002648 |
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About 22 & 24 River Street, Thorold, Port Robinson
Summarized Description
- Rare 9-unit investment property in Thorold.
- 7 out of 9 units have been updated.
- Strong rental income potential with separate metering.
- Residential license valid until February 2028.
- Recent roof replacement enhances property value.
- Located in historic Port Robinson area.
- Low maintenance costs and high rental demand.
- Good opportunity with low multi-residential inventory.
FINAL REDUCTION VENDOR MUST SELL!! 9 Unit Multi Residential Investment property producing annually $121,860 Gross Revenue, expenses $61,000 with Return on investment at 61,000/999000= 6.1% currently. Great potential to produce $198,000 in Gross Revenue less $61,000 expenses having a return on Investment at 137,000/999,000=13.8% by Increasing the rents to market Rent Prices. Rents have been low in the building due to long standing tenants and a very generous owner. Please compare rental rates in Thorold Proper compared to the historic hamlet of Port Robinson where the building is situated demanding greater prices because of low density (no competition) and the serene natural beauty sitting perched upon the East bank of the Welland Canal with a view of the ships passing the property directly in front. The Owner is willing to Hold a First Mortgage for $600,000 for 2 years at 4.5% Won't Last Long!! Below the AVM amount.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $9,463
- Land Transfer Tax Fee
- $16,455
Rental Items
- Rental Equipment
- 3-RentalWaterTanks
- Basement Type
- Apartment
Interior Features
- Laundry Level
- Main Level
- Interior Extras
- Floor Drain, Separate Hydro Meter, Water Meter, Sump Pump
- Fireplace/Stove
- Yes
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Campground, Greenbelt/Conservation, Hospital, Park, Place Of Worship, River/Stream
- Other Structures
- Fence - Partial, Garden Shed, Other, Storage
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Concrete, Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 89.38 ft
- Lot Depth
- 159.70 ft
Inclusions
- Inclusions
- 2 Furnaces, AllElectricLightFixtures, 7ParkingSpacesinthebackofproperty
Exclusions
- Exclusions
- 3 WaterTanksRental
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 9
Heating & Cooling
- Heat Source
- Electric
- Heat Type
- Baseboard
- Air Conditioning
- Window Unit(s)
- Water
- Municipal
- Sewers
- None
- Natural Gas
- Yes
- Hydro
- Yes
- Cable
- Yes
- Telephone
- Yes
- Bedrooms
- 16
- Washrooms
- 9
- Kitchens
- 9
Washrooms
- 4-piece
- Municipality
- Thorold
- Neighbourhood
- Port Robinson
- Main cross streets
- Bridge Street and River Street
- Directions
- 403 to Queen Elizabeth way to 406 to 58 to 82 into Port Robinson
- MLS® number
- X13002648
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-10-14
- Listed on
- 2026-04-15
- Days on market
- 182 days
- Possession date
- 2026-05-31
- Possession type
- Flexible
- Co-op commission
- 2.25% + H.S.T.
- Seller
- Listed by
- RE/MAX SUCCESS REALTY
Home Market Value
Current home valuation for 22 & 24 River Street, Thorold, Port Robinson, Thorold, ON. Listed for $999,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 22 & 24 River Street, Thorold, Port Robinson
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $499,000 over $500K
$74,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $36,963 | $27,872 | $23,776 | $0 |
=Total mortgage | $961,038 | $926,972 | $872,926 | $799,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,692monthly | $4,526monthly | $4,262monthly | $3,902monthly |
Land Transfer Tax
$16,455
$16,455
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