180 Pine St S Thorold, Ontario L2V 3M4
$640,000
Calling all investors! This legal duplex, ideally situated in central Thorold near the 406, Brock University, transit, and groceries, presents a fantastic opportunity. The main level features four spacious bedrooms, including 4 and 2-piece bathrooms, a roomy kitchen, and a bright living room with two separate entrances for tenant convenience. The upper unit boasts two large bedrooms, a modern 4-piece bathroom, a well-lit kitchen, and a generous living space with a separate side entrance ensuring tenant privacy. Additional perks include ample parking, an updated roof, energy-efficient vinyl windows, and a reliable gas water heater, all contributing to low-maintenance costs and high-profit margins. Currently tenanted, this property generates $2,000/month for the main unit and $1,450/month for the upper unit, offering steady income. With a cap rate of 5.31%, this is a prime investment opportunity in thriving Thorold. Don't miss out!**** EXTRAS **** This low-maintenance, profitable home with a cap rate of 5.31% is sure to attract & retain long-term tenants. Fully licensed through the City of Thorold. (id:26678)
Property Details
| MLS® Number | X6784184 |
| Property Type | Single Family |
| Amenities Near By | Hospital |
| Parking Space Total | 6 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 6 |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Exterior Finish | Vinyl Siding |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 2 |
| Type | Duplex |
Land
| Acreage | No |
| Land Amenities | Hospital |
| Size Irregular | 37.99 X 105 Ft |
| Size Total Text | 37.99 X 105 Ft |
Utilities
| Sewer | Installed |
| Natural Gas | Installed |
| Electricity | Installed |
| Cable | Installed |
https://www.realtor.ca/real-estate/26007662/180-pine-st-s-thorold
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Toronto Real Estate Board
Keller Williams Real Estate Associates
September 01 2023 10:31:31
