31 Ormond Street, Thorold, ON

$389,000
MLS#:X12750564
5 beds
2 baths
1500-2000 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of 557 - Thorold Downtown. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $389,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 45 x 132 ft lot
  • Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Attention Investors & Contractors, Snatch Up This Duplex Minutes From Brock University, Niagara College, Hwy 406, And The QEW, A Fantastic Investment Opportunity In The Heart Of Thorold, A Thriving Community That Balances Small-Town Charm With Big-City Conveniences. The Property Features Two Fully Self-Contained Units, Each With A Private Entrance, Full Kitchen, And In-Suite Laundry. The Main Floor Unit Is A Spacious 3-Bedroom Layout With High Ceilings, Rear Entrance, Wood Deck Off The Kitchen, And A Third Bedroom With Direct Access To Laundry. This Unit Is Currently Tenanted, Providing Immediate Rental Income. The Upper-Level Unit Offers Two Bedrooms, A Versatile Office Nook, And Its Own Entrance From The Front PorchPerfect For Students, Young Couples, Or Anyone Seeking A Comfortable Live/Work Space. The Layout Includes Unique Nooks And Angles That Add Warmth And Customization Potential To Each Unit. Updated Kitchens And Bathrooms, Contemporary Flooring, High-Efficiency Furnace, Central Air, And Upgraded Plumbing And Electrical Systems. The Property Is Ideal For First-Time Buyers, Students, Investors, Or Multi-Generational Households. Live In One Unit And Let The Other Help Cover Your Mortgage, Or Rent Out Both For Solid Income Generation. Parking For 34 Vehicles, Steps To Local Shops, Restaurants, Cafés, And Parks. Enjoy Nearby Trails And Green Spaces, Convenient Access To Public Transit And Essential Services. Just Minutes From Brock University, Niagara College, Hwy 406, And The QEW, This Property Combines Lifestyle And Location For End-Users And Investors Alike. Don't Miss Your Chance To Own An Income Property In One Of Thorolds Most Sought-After Locations. Low Property Tax, Zoned For Redevelopment, A Smart Addition To Any Portfolio!

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Key Features

Bedrooms
5
Bathrooms
2
Kitchens
2
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 17, 2026
Sold price information is available to members only
Listed Date2/2/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionAluminum Siding
BasementUnfinished
Lot Size45 × 132 Feet
CountyNiagara
Annual Tax$2,491
Legal DescriptionPlan 23 Pt Lot 8 Lot 9 Np891

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Carpet Free

Security Features

Community Features

Location

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31 Ormond Street, Thorold, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 31 Ormond Street S, Thorold, ON L2V 1Y3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Thorold.

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Interest Rate5.25%
Down Payment$19,450 (5.0%)
* Minimum Canadian down payment required for this price is $19,450.
Amortization Period25 Years
Estimated Monthly Payment$2,202Based on a loan of $369,550 over 25 years.
Purchase Price$389,000
Loan Amount$369,550
Provincial Land Transfer Tax:$4,310
Total Estimated Closing Taxes:$4,310

About Purchasing a Home in Thorold, ON

For a property listed at $389,000 in Thorold, the legal minimum down payment is $19,450 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,310 for this transaction. As this listing is in Thorold (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,310.

Nearby Listings

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No current listings found in Thorold.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Thorold.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,063,999,860

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Ontario
PublicThorold, Ontario
9.1
Richmond Street
Public153 Richmond Street, Thorold, Ontario, L2V 3H3
6.5
Prince of Wales
Public40 Pine Street South, Thorold, Ontario, L2V 3L4
7.0
Westmount
PublicWestmount Avenue, Thorold, Ontario, L2V 2J8
8.9

Secondary Schools

Thorold
Public50 Ormond Street North, Thorold, Ontario, L2V 1Z1
6.8

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.