43 Cleveland Street Thorold, Ontario L2V 3K5

$1,698,000

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:50877)

Property Details

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

Building

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

Parking

No Garage

Land

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

Utilities

Cable	Installed
Electricity	Installed
Sewer	Installed

https://www.realtor.ca/real-estate/28373561/43-cleveland-street-thorold-thorold-downtown-557-thorold-downtown