50 Fairview Avenue,St. Thomas, ON N5R 4X6
St. Thomas, ON N5R 4X6
Description
A rare opportunity to acquire a fully legal and vacant 4-plex in the growing city of St. Thomas, allowing the new owner to establish market rents from day one. This updated building offers an attractive unit mix: one 4 bedroom unit, two 3 bedroom units, and one 2 bedroom unit. Major improvements over the past 10 years include updated kitchens, modernized electrical with 100 amp service per unit, interior and exterior waterproofing, an updated roof with 50 year shingles, updated windows, refinished floors, fresh paint, updated exterior doors, and renovated bathrooms in three of the units. Additional features include basement storage, owned water heaters, municipal sewer connection, and in-unit laundry potential. Set on a large 0.59 acre lot, the property also offers underutilized land with possible future development, subject to approvals. Located minutes from parks, schools, shopping, downtown St. Thomas, London, and Hwy 401. St. Thomas continues to grow as a Southwestern Ontario investment market, supported by major regional employers including Volkswagen/PowerCo, Amazon, and Magna/Formet, along with ongoing downtown revitalization and long-term housing demand. With vacant possession, a legal 4-plex configuration, extensive updates, and future upside, 50 Fairview is a compelling turnkey investment opportunity.
Details
| MLS # | X13490074 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 56 |
| Listing Provided By | ROYAL LEPAGE TRILAND REALTY | X13490074 355002 |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.32 |
Interior
| Interior Features | Other |
|---|---|
| Cooling | Central Air, Wall Unit(s) |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingles |
|---|---|
| Foundation Details | Poured Concrete |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 5166 |
|---|---|
| Tax Assessed Value | 300000 |
| Tax Legal Description | PT LT 149 PL 270 YARMOUTH PT 2 11R2858; ST. THOMASPT LT 149 PL 270 YARMOUTH PT 2 11R2858; ST. THOMAS |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Elgin |
| City | St. Thomas |
| Postal Code | N5R 4X6 |
| Area | St. Thomas |
| Listing VS Median (in N5R 4X6) | |
Price: $999,900 low | high Med: $0 On site: 56 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Elgin |
| City | St. Thomas |
| Postal Code | N5R 4X6 |
| Area | St. Thomas |
| Listing VS Median (in N5R 4X6) | |
Price: $999,900 low | high Med: $0 On site: 56 low | high Med: | |
