Homes for sale - 43 Cleveland ST, Thorold, ON L2V 3K5

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Mahesh Khatri

mkhatri.teammahesh@gmail.com +1(416) 464-6568

$ 1,698,000

Est. payment | -/mo

12 Beds

12 Baths

Save

$ 1,698,000

Est. payment | -/mo

Save

12 Beds

12 Baths

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

Province 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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 464-6568

mkhatri.teammahesh@gmail.com

7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN

43 Cleveland ST Thorold, ON L2V 3K5