28 Chapel Street S, Thorold

$829,900
28 Chapel Street S

$829,900

Price Change
23d
Triplex2-Storey

28 Chapel Street S, Thorold

Total Monthly Obligation $4,050

Beds
7
Baths
4
Park
6
Sqft
3000-3500
DOM
23d
Yield
4.8%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Triplex
MLS® Number-X13843826
Beds-7
Bathrooms-4
Size-3000-3500 sqft
Lot Size-66.15 × 132.15 ft
Listed on site-Sep 30, 2026
Style-2-Storey
Building Type-Triplex
Taxes-$3,924 (2025)
Parking-6 - None
Basement-Full, Unfinished
Heating-Heat Pump (Gas)
Brokerage-BOLDT REALTY INC., BROKERAGE
Cooling-Other
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Vinyl Siding, Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete Block, Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-557 - Thorold Downtown
Title-Residential Freehold

No agent assigned

Welcome to 28 Chapel Street South in Thorold, a unique 3,200 sq. ft. triplex with panoramic Welland Canal views and multiple income opportunities. Over the past 5 years, the property has been updated including plumbing, electrical, windows, siding and improvements throughout all three units.The first main-floor unit takes full advantage of the canal setting, with panoramic views from the open-concept kitchen and living area and a front-row seat to watch the ships pass by. Currently operated as a successful short-term Airbnb, this unit has a transferable licence, all 5-star ratings and furnishings included. Run it as much or as little as you choose while benefiting from an established short-term rental. It also features a breakfast bar, large primary bedroom and fully renovated bathroom with towel warmer. Also on the main floor, the second unit has its own private driveway and offers two bedrooms, currently rented as a one-bedroom. Full of character with beautiful arched doorways and original charm.Through the front entrance, the third unit offers three bedrooms, large windows, a spacious living room and a well-laid-out living space.The full basement has been completely updated and offers easily accessible shared laundry, plenty of storage, plus an open 2-piece washroom and separate shower area.Live in one unit, rent another and continue operating the Airbnb, or add the entire property to your investment portfolio. Close to Niagara wine country, Niagara Falls, casinos, shopping, restaurants and major amenities. Outside, the deck has been redone and the fully operational bread oven has been beautifully restored, adding another unique feature to the outdoor space and canal setting.

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Closing Costs

Mortgage Amount
$663,920
Land Transfer Taxes$13,073
Legal Fees (Est.)
$
Total cash required for closing$180,553

Total Monthly Obligation

$4,050/mo
Mortgage $3,348
Monthly Loss $3,169
Principal$881
Interest$2,467
Property Tax$327
Home Insurance$125
Variable Costs$250

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

Comparables

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