120 Niagara Falls Road Thorold, Ontario L2V 1H5

$475,000

This unique property is a legal 4-plex with NC-1 zoning which permits residential and some small commercial uses (personal services, hair salon, etc. - signs are also permitted). Invest as is or consider this a great opportunity for someone who would like to run a business out of their home (live in one apartment, use the street-facing apartment for their business) and supplement a mortgage with rent from the remaining 2 residential units. This property is ideally situated in Thorold surprisingly close to the 406, Pen Centre, Brock University, transit and all amenities. Located directly across the street from the Thorold Multimodal Hub, a newly created industrial complex connected to rail lines and offers direct access to any port in the world from its berth on the Welland Canal. These 4 apartments (3 x 1 bedrooms, 1 x bachelor apartment) are all currently tenanted and generate $34,800/year in rent, offering steady income. With a cap rate of 5%, this is a prime investment opportunity in a thriving area of Thorold. Detached 2-car garage for potential added income. Additional perks include ample parking in the back and an abundance of street parking. This is a legal 4-plex, licensed with the City of Thorold. (id:53712)

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https://www.realtor.ca/real-estate/26040460/120-niagara-falls-road-thorold