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557 - Thorold Downtown, Thorold
$679,000
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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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2500-3000 sq. ft. |
| Property Tax | $3,889 |
| Lot Size | 76.5 ft x 86.5 ft |
| mls© Number | X13596574 |
| Listed By | ROYAL 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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