55 John Street N, Thorold, ON L2V 2S7
557 - Thorold Downtown, Thorold · Near Corner of John Street and McNamara Street · View map
About this home
Legal five-plex featuring seven well-appointed apartment units, each offering 2 bedrooms and 2 bathrooms, ideally located in downtown Thorold. This fully tenanted property generates strong and stable income with an approximate 6% cap rate. An excellent opportunity for both investors and owner-occupiers seeking to offset living costs with rental income. The building has been updated with renovated units and exterior improvements, enhancing both tenant appeal and long-term value. No rental items or contracts are associated with the property, ensuring straightforward ownership and lower operating complexity. Vendor take-back (VTB) financing may be available for qualified buyers. The building's roof and chimney have been recently replaced with new ones.
The home
- Type
- Multiplex
- Style
- 2-Storey
- Square footage
- 3000-3500 sq ft
- Bedrooms
- 14
- Bathrooms
- 7
- Kitchens
- 7
- Rooms
- 28
- Basement
- Finished with Walk-Out
- Lot size
- 60 x 100 ft
- Faces
- East
- View
- Clear
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Carbon Monoxide Detectors
- Exterior
- Brick, Stone
Heating & cooling
- Fireplace
- No
Garage & parking
- Garage
- Attached
- Garage spaces
- 1
- Driveway spaces
- 10
- Total parking
- 11
- Parking features
- Available
Taxes & other
- Property taxes
- $6,650/yr
- Tax year
- 2025
- Occupancy
- Owner+Tenant
- Possession
- Flexible
- Cross street
- Corner of John Street and McNamara Street
- Neighbourhood
- 557 - Thorold Downtown
More
- Price per sq ft
- ~$400 (at 3,250 sq ft)
- MLS® number
- X13689038
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The home and its surroundings
- Public Transit
- Rec./Commun.Centre
- School Bus Route
- Sloping
- Porch
- Privacy
- Landscaped
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
55 John Street, Thorold, ON L2V 2S7
557 - Thorold Downtown, Thorold · Near Corner of John Street and McNamara Street
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Listing history for 55 John Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 55 John Street N
Answers come straight from this home’s MLS® listing.
How much is 55 John Street N listed for, and what would it cost each month?
55 John Street N is listed for $1,300,000. With 20% down ($260,000), the mortgage payment would be roughly $5,244 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,798 a month, all in. That figure is an illustration, not a quote.
Is 55 John Street N freehold or a condo, and is there a monthly fee?
55 John Street N is a multiplex in 557 - Thorold Downtown, Thorold. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 55 John Street N have?
55 John Street N has 14 bedrooms and 7 bathrooms. The listing gives the style as 2-storey.
Does 55 John Street N have a garage and parking?
Yes. The listing shows the garage as attached, with room for 1 car. The driveway adds 10 spaces. In total the listing counts 11 parking spaces.
Does 55 John Street N have a finished basement?
The listing describes the basement as finished with walk-out. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 55 John Street N?
55 John Street N is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 55 John Street N, and what is the lot size?
The listing puts the home between 3,000 and 3,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 60 x 100 ft.
What are the property taxes for 55 John Street N?
Property taxes are $6,650 a year (2025), or about $554 a month.
Where is 55 John Street N?
55 John Street N is in the 557 - Thorold Downtown community of Thorold. The nearest main intersection is Corner of John Street and McNamara Street. The postal code is L2V 2S7.
Is 55 John Street N still for sale?
Yes. It is an active listing (MLS® X13689038). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 55 John Street N asking?
Similar properties for sale nearby right now include 50 Front Street N at $1,120,000, 36 Front Street N at $950,000 and 5 Sunset Way at $1,184,000 (6 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 55 John Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 55 John Street N?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 557 - Thorold Downtown, picked by style, size and price.
Investment$1,120,00050 Front Street N, Thorold5 bath · 557 - Thorold DowntownCourtesy of: REVEL Realty Inc., BrokerageView home →
Commercial retail$950,00036 Front Street N, Thorold557 - Thorold DowntownCourtesy of: EXP REALTYView home →
Detached home$1,184,0005 Sunset Way, Thorold6 bed · 4 bath · 560 - Rolling MeadowsCourtesy of: CENTURY 21 GREEN REALTY INC.View home →Courtesy of: RE/MAX WEST REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.