50 FAIRVIEW AVENUE, St. Thomas, ON N5R4X6
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50 FAIRVIEW AVENUE, St. Thomas, ON N5R4X6
50 FAIRVIEW AVENUE, St. Thomas, ON N5R4X6
50 FAIRVIEW AVENUE, St. Thomas, ON N5R4X6
50 FAIRVIEW AVENUE, St. Thomas, ON N5R4X6
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Danielle Pinnock

Danielle Pinnock

+1(519) 671-7653
$ 1,049,900
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50 FAIRVIEW AVENUE St. Thomas, ON N5R4X6

12 Beds

4 Baths

3,500 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500 - 5000

Square Footage 3,500 sqft

Price per Sqft $299

Subdivision St. Thomas

MLS® Listing ID X13490074

Bedrooms 12

Property 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. (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Basement 5.37 m X 8.58 m Utility room

Extra Room 2 Basement 10.1 m X 8.84 m Utility room

Extra Room 3 Basement 4.41 m X 4.61 m Other

Extra Room 4 Basement 5.6 m X 3.39 m Utility room

Extra Room 5 Main level 2.41 m X 3.11 m Dining room

Extra Room 6 Main level 2.08 m X 2.18 m Bathroom

Interior

Heating Forced air, Heat Pump,

Cooling Central air conditioning, Wall unit

Exterior

Parking Features No

Community Features Community Centre

View Y/N No

Attached Garage No

Total Parking Spaces 10

Garage No

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

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Danielle Pinnock

Danielle Pinnock

+1(519) 671-7653

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50 FAIRVIEW AVENUE