41 Carleton Street S, Thorold, ON L2V 1Z7, Thorold, ON
Bed 18
Bath 11
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.
Property Highlights
For Sale
MLS NO.
X9305370
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
18
Bathrooms
11
Parking
12.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Cancelled
Contract Status
Unavailable
MLS® Number
X9305370
Total Bedrooms
18
Bedrooms Above Grade
9
Bedrooms Below Grade
9
Total Bathrooms
11
Total Kitchens
11
Kitchens Above Grade
9
Kitchens Below Grade
2
Rooms Above Grade
57
Interior Features
Separate Hydro Meter
Fireplace
No
Construction
Brick
Roof
Other
Lot Width
82.0
Parking Features
Private
Parking Total
12.0
Covered Spaces
0.0
Garage Type
None
Pool
None
Direction Facing
East
Cooling
None
Heat Source
Other
Heat Type
Radiant
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
41 Carleton Street S, Thorold, ON L2V 1Z7
City
Thorold
Neighbourhood
557 - Thorold Downtown
County / Region
Niagara
Province / State
ON
Postal Code
L2V 1Z7
Cross Street
Ormand St. S. to Portland St. to Carleton St. S.
Country
CA
List Price
$2,350,000
Annual Taxes
$24,048
Tax Year
2023
Legal Description
LT 8 & PT LT 7 PL 890-891 W/S CARLETON ST S AS IN RO454055 CITY OF THOROLD
Possession Details
Flexible
Listing Office
RE/MAX NIAGARA REALTY LTD.
Board
Niagara Association of REALTORS
Original Entry
2024-09-06T22:04:33Z
Media Updated
2024-09-06T22:04:33Z
Photos Updated
2024-09-06T22:04:33Z
Last Modified
2024-11-27T14:05:22Z
System Modified
2025-10-11T18:14:10.227073Z
MLS Status
Terminated
Architectural Style
Other
Basement
Other
Ddfyn
Yes
Expiration Date
2024-12-31
Foundation Details
Concrete Block
Heat Source Multi
Other
Heat Type Multi
Radiant
Hstapplication
Call LBO
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
640520027
Parking Spaces
12
Public Remarks
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.