17
See all 17 photos
$1,698,000
Est. payment /mo
12 Beds
12 Baths
New
43 Cleveland ST Thorold, ON L2V 3K5
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision 557 - Thorold Downtown
MLS Listing ID X12176537
Style 2-Storey
Bedrooms 12
Building Age 6-15
Annual Tax Amount $13,369
Tax Year 2025
Property Sub-Type Triplex
Property Description
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.
Location
State ON
County Niagara
Community 557 - Thorold Downtown
Area Niagara
Zoning R3C
Rooms
Family Room No
Basement Finished, Full
Kitchen 3
Separate Den/Office 4
Interior
Interior Features None
Cooling Central Air
Inclusions 3 Fridges, 3 Stoves, 3 Washers, 3 Dryers, 3 Microwaves
Exterior
Exterior Feature Deck, Porch
Parking Features Other
Pool None
Roof Type Asphalt Shingle
Lot Frontage 66.8
Lot Depth 121.0
Total Parking Spaces 8
Building
Foundation Poured Concrete
Others
Senior Community No
Listed by BOLDT REALTY INC., BROKERAGE