Homes for sale - 41 Carleton Street S, Thorold, ON L2V 1Z7

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Scott Cooper

hello@theonegroup.ca +1(705) 796-5478

Listed by Sarah Moiseff • RE/MAX NIAGARA REALTY LTD, BROKERAGE

$ 2,350,000

Est. payment -/mo

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Price Dropped by $150K

41 Carleton Street S Thorold, ON L2V 1Z7

22 Beds

11 Baths

8,370 SqFt

UPDATED:

10/29/2024 01:50 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,370 sqft

Price per Sqft $280

MLS Listing ID 40640211

Bedrooms 22

Abv Grd Liv Area 8,370

Originating Board Niagara

Annual Tax Amount $24,047

Property Description

Looking for a great investment property with 11 fully rented two-bedroom units, and a gross income of $161000 per year? Look no further than 41 Carleton St. South. Located on a quiet residential street near the canal, you will appreciate the brick exterior, the solid concrete block walls and core slab ceilings throughout the building, and the separate hydro meters for each unit. There are 11 two-bedroom units in total, plus a shared laundry room in the basement, and another room with separate storage lockers for each unit. Five of the units have been extensively renovated in the last three years, complete with beautiful new kitchens and bathrooms, light fixtures, and durable luxury vinyl plank floors. Several others have been partially renovated with new flooring and lighting. So many updates were done in the past five years-the driveway and parking lot (with room for 12 cars) were re-done with new asphalt in 2022, new fence on the driveway side in 2022, new boiler in 2019, carpets were replaced in all the hallways, the main electrical panel was switched over to 12 separate meters (7 units are paying their own hydro so far), all units had their individual electrical panels switched from fuses to breakers, the hallway and stairwell lighting were all switched to LED lights & the emergency exit signs and battery packs were replaced, the plumbing shutoffs for all the units were replaced in the utility room, the back entry door and several patio doors were replaced, and the basement hallway and laundry room were re-painted. Great long term investment, with wonderful tenants. Minimum 24 hour notice for showings.

Location

Province ON

County Niagara

Area Thorold

Zoning Multi-Residential

Direction Ormand St. S. to Portland St. to Carleton St. S.

Rooms

Basement Walk-Up Access, Full, Finished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Radiator

Cooling None

Fireplace No

Appliance Hot Water Tank Owned, Refrigerator, Stove

Laundry Coin Operated

Exterior

Exterior Feature Balcony

Garage Asphalt

Waterfront No

Roof Type Membrane

Lot Frontage 82.0

Lot Depth 132.0

Garage No

Building

Lot Description Ample Parking, Dog Park, Highway Access, Library, Park, Place of Worship, Playground Nearby, Public Transit, Quiet Area, Schools, Shopping Nearby, Trails

Faces Ormand St. S. to Portland St. to Carleton St. S.

Story 3

Foundation Concrete Block

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 640520027

Ownership Freehold/None

Scott Cooper

TEAM LEADER | BROKER

+1(705) 796-5478

Scott Cooper

41 Carleton Street S Thorold, ON L2V 1Z7

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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41 Carleton Street S