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Listed 1 month ago

23 Sullivan Avenue

557 - Thorold Downtown, Thorold

$679,000

Detached|2-Storey
6 | 3 | 8
About this home

Welcome to 23 Sullivan Avenue, a high performing income property positioned on a desirable corner lot, offering added privacy, curb appeal, and long term upside potential.This solid investment property features two fully self contained 3 bedroom, 1 bathroom units,each with its own private entrance, kitchen, living space, and laundry, providing maximum flexibility for both investors and future owner occupants. Both units are fully tenanted with strong, reliable occupance already in place, delivering immediate cash flow from day one. No Vacancy, no setup, no hassle.Each unit offers a functional layout, generous living space, and a design that consistently attracts quality renters. The corner lot not only enhances curb appeal but also provides additional natural light, increased privacy, and future potential.Located in a high-demand rental area close to schools, parks, shopping, public transit, andquick highway access, this turnkey property checks every box for investors seeking stable income, long-term appreciation, and exceptional value.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$3,889
Lot Size76.5 ft x 86.5 ft
mls© NumberX13596574
Listed ByROYAL LEPAGE SIGNATURE REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,475
Property tax
$324
Heat allowance
$150
Housing costs
$3,950 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $135,800
25-yr amortization

Income needed

$122,000

gross annual household income

Payment at 4%
$2,857 / mo
Cash down
$135,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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