Active

41 Carleton St S

Thorold Ontario, L2V 1Z7

C$2,350,000


Active

18 Beds

11 Baths

Multi-family

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.

X9305370

MLS ID

October 17, 2024

Updated

Map

41 Carleton St S
Thorold Ontario, L2V 1Z7

Interior Features

Bedrooms

18


Total Bathrooms

11


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Radiant, Other

Exterior/Building Features

Lot Size

0.25 Acres


Architectual Style

Other


Sewer

Sewers

Other Property Details

Taxes

$24,048


Tax Frequency

Annually


Garage

No


Parking

None


Parking Total

12


View

No


County

Ontario


Municipality

Thorold


Water Source

Municipal


Pool

No


Pool Features

None

Listing History

Date

Event

Price

10/15/2024

Price change

$2,350,000

-6%

 

Courtesy of Listed by , RE/MAX NIAGARA REALTY LTD.,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 12:39 AM UTC, 10/17/2024

 

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