41 Carleton Street S Thorold, Ontario L2V 1Z7

22 Bedroom 11 Bathroom 8370 sqft


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. (id:36706)

Property Details

MLS® Number 40616933
Property Type Multi-family
Amenities Near By Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features Quiet Area
Features Paved Driveway, Laundry- Coin Operated
Parking Space Total 12


Bathroom Total 11
Bedrooms Total 22
Basement Development Finished
Basement Type Full (finished)
Cooling Type None
Exterior Finish Brick
Foundation Type Block
Stories Total 3
Size Interior 8370 Sqft
Utility Water Municipal Water


Access Type Highway Access
Acreage No
Land Amenities Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 82 Ft
Size Total Text Under 1/2 Acre
Zoning Description Multi-residential


Shopping Basket