$9,900,000
FOR SALE

Commercial/Retail

Lot: 65 x 263 ft

16 Front Street South
Thorold, ON L2V 1W9

Fabulous investment opportunity! Downtown Thorold, extremely well maintained 3 year old building, featuring 62 student rental units and 1 1500sq ft commercial space located right in the heart of Front Street. The commercial space and student units are fully rented and the current property manager is willing to stay on, allowing for a stress-free investment. Each unit has a bedroom, sitting area and 3 pc bathroom. A shared kitchen on each floor includes 2 refrigerators, 2 stoves, 2 microwaves and an eating area to seat 8. A large common area in the basement with ping pong table, couches and tv's plus laundry area with coin operated washers and dryers. Units are hot water, radiator heat; All common areas and main floor commercial are forced air heat with a/c. Properties to the North have been purchased and will be redeveloped. Housing Brock University and Niagara College Students, with all necessary amenities in walking distance. (id:47421)
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Listed By RE/MAX GARDEN CITY REALTY INC, Brokerage
Data Provided By Niagara Association of REALTORS®
MLS® Listing Number 40181170
Last Updated Jan 25, 2022
Property Summary
Property Type Commercial/Retail
Subdivision 557 - Thorold Downtown
Price History

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Detailed Information
Lot 65 x 263 ft
Amenities Nearby Public Transit, Schools, Shopping
Community Features High Traffic Area
Features Elevator, Paved driveway, Passenger elevator, Laundry- Coin operated
Listing Contract Date 2021-10-27
Location Description Exit Pine Street from Hwy 58, Right on Sullivan, Left on Front
Ownership Type Freehold
# of Parking Spaces 18
Property Type Other
Transaction Type For sale
Zoning Description C1
Business
Name Niagara Student Living
Building
Basement Development Finished
Basement Type Full (Finished)
Constructed Date 2018
Cooling Type Central air conditioning
Exterior Finish Aluminum siding, Brick
Fire Protection Smoke Detectors, Unknown
Flooring Type Carpeted, Laminate
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Forced air, Hot water radiator heat
Stories Total 4
Size (Exterior) 24000
Utility Water Municipal water
Land
Total Size under 1/2 acre
Access Type Highway access
Amenities Public Transit, Schools, Shopping
Sewer Municipal sewage system

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