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!
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.
Broker: Keller Williams Real Estate Associates