2324 Centre Street, Thorold

$519,800
2324 Centre Street

$519,800

Price Change
58d
Detached2-Storey

2324 Centre Street, Thorold

Total Monthly Obligation $2,836

HausQ Valuation Report
Beds
6
Baths
2
Park
4
Sqft
1500-2000
DOM
58d
Score
27
Yield
7.1%
Cash on Cash
5.4%
Cap Rate
5.7%
5Y IRR
19.9%
10Y IRR
18.1%
Property Type-Detached
MLS® Number-X13719580
Beds-6
Bathrooms-2
Size-1500-2000 sqft
Lot Size-50 × 164.92 ft
Listed on site-Aug 26, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$4,376 (2025)
Parking-5 - Detached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-REVEL Realty Inc., Brokerage
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-Inground
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-556 - Allanburg/Thorold South
Title-Residential Freehold

No agent assigned

Check out the awesome potential in this property! Currently zoned R2 and ready for your inspiration! Live in one unit and renovate the other into a legal conforming apartment to offset your mortgage costs. Or create a legal duplex with two large rental units as an income property. Workshop garage and pool in the back with two separate driveways in the front. Loads of opportunity for the savvy investor!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$415,840
Land Transfer Taxes$6,871
Legal Fees (Est.)
$
Total cash required for closing$112,331

Total Monthly Obligation

$2,836/mo
Mortgage $2,097
Monthly Loss $2,285
Principal$552
Interest$1,545
Property Tax$365
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.7%34
Cash-on-Cash
-0.8%6
5-Year IRR
15.1%72
10-Year IRR
14.7%
Returns Index
37.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
27/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$36,792/yr
NOI
$24,237/yr
Net Cash Flow
-$77/mo
Cash Margin
-2.5%3
Cash Flow Index
2.9/ 100
Risk Profile
Weight: 20%
DSCR
0.9624
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo57
Risk Index
33.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 2324 Centre Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.