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CAD 950,000

8 CLEVELAND Street
Thorold, Ontario

Property Description

Legal Triplex with the capability to create a 4th legal unit, zoning amendment required as per the current zoning requirements. Further expansion capability of additional units as per the New comprehensive zoning By-Law (60) passed in 2019 currently under appeal (Local Planning Appeal Tribunal). The property is 100 percent vacant ready for owner and/or tenant occupancy at market rent plus hydro, separate hydro meters, 60 amp sub-panel box in 3 residential units, 4th house electrical meter for boiler, common hallway lights & electric smoke detectors. 4th unit rough-in electrical wiring only requires sub-panel, 5th meter & main box for future panel. service. 3 separated gas hot water tanks & meters. Each unit water supply has been separated with main shut off in utility room. Basement 4th unit requires work to be completed, existing kitchen, 3 pc bathroom, roughed-in wood frame bedroom and 2 separated walkout entrances, buyer required to apply for a zoning amendment to legalize unit. Large separate empty room designed for a future laundry and/or tenant storage area. Spacious utility room with access to hot-water boiler, main electrical box supply, hot water tanks etc. Main floor 3 bedrooms, 4 pc bath, upper 2-2bedrooms units with 4pc bath.Large rear yard for future expansion. Buyer to inquire and conduct their own due diligence with respect to the zoning department of the City of Thorold. Property has transit access, walking distance to shopping, schools, banks, downtown and backs on a park.

Listed by Coldwell Banker Momentum Realty, Brokerage

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Property Details

ID #
40135154
Status
For Sale
Type
Residential, Multi-Family (2-4 Units), Multi Residential
Postal Code
L2V 3K2
Building Area
2,534ft2

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