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Thorold,ON L2V 3N5
Key Details
Property Type Multi-Family
Sub Type Duplex Side/Side
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $354
MLS Listing ID 40695391
Abv Grd Liv Area 2,200
Originating Board Hamilton - Burlington
Annual Tax Amount $3,700
Property Sub-Type Duplex Side/Side
Property Description
Turnkey Income Property – Fully Rented Duplex & Triplex on Rare Double Lot in Prime Thorold Location! 68 and 68 1/2 Queen
An exceptional opportunity to acquire two adjacent, fully rented income properties in one of Thorold's most desirable, family-friendly neighborhoods. Situated on a spacious 106' x 132' lot, these side-by-side properties offer strong immediate cash flow with built-in development potential—all just minutes from Brock University, downtown Thorold, Niagara Falls, shopping, and major highways.
Property Overview:
66 & 68 Queen St S – A separately deeded triplex and duplex, offered together or individually (each with its own MLS)
Fully Tenanted – Stable, reliable renters already in place, generating consistent monthly income
Updated Systems – Modernized hydro and central air for hassle-free management
Ample On-Site Parking – Easy access for tenants and guests
Why This Investment Stands Out:
Turnkey Operation – No renovations or tenant search needed
Excellent Location – Walking distance to schools, transit, and daily conveniences
Strong Rental Demand – Ideal for students, professionals, and families alike
Exciting Development Potential:
Zoned to permit low-rise apartment buildings or townhouses
City of Thorold is receptive to redevelopment applications
Perfect opportunity to redevelop or expand in a high-growth rental market
Key Investor Takeaways:
Immediate Passive Income – Both buildings fully rented with no downtime
Strategic Long-Term Asset – Combine steady cash flow with appreciating land value
Future-Proof – Rare double lot in a city expanding its housing footprint
Secure a property that pays today and grows tomorrow. This is a rare chance to acquire a cash-flowing asset with development upside in one of Niagara's most promising investment corridors.
Act now—opportunities like this are few and far between.
Location
Province ON
County Niagara
Area Thorold
Zoning R3
Direction Pine st to Elgin to Queen S or Richmond to Queen S
Rooms
Basement Full,Finished,Sump Pump
Kitchen 0
Interior
Interior Features Separate Heating Controls,Separate Hydro Meters
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplace No
Window Features Window Coverings
Laundry In-Suite
Exterior
Parking Features Gravel
Roof Type Asphalt Shing
Lot Frontage 66.0
Lot Depth 132.0
Garage No
Building
Lot Description Rectangular,City Lot,Highway Access,Library,Place of Worship,Playground Nearby,Public Transit,School Bus Route,Schools
Faces Pine st to Elgin to Queen S or Richmond to Queen S
Story 1.5
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 643940065
Ownership Freehold/None