50 FAIRVIEW AVENUE, St. Thomas, Ontario N5R 4X6
$999,900.00
- 12 bedrooms
- 4 bathrooms
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 ... read more
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:25417)
Price reduced $50,000 (4.76%) from the list price.
- Listing ID: X13490074
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 55.6 by 249.2 FT |
| Parking: | No Garage 10 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Fourplex |
| HVAC: | Central Air Conditioning, Fireplace, Forced Air, Heat Pump and Wall Unit Natural Gas |
| Exterior: | Brick |
| Basement: | Full (Unfinished) |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| City: | St. Thomas |
| Province: | Ontario |
| Nearby Amenities: | Park, Place Of Worship, Public Transit and Schools |
| Community Features: | Community Centre |
| Rooms | Level | Dimensions |
|---|---|---|
| Utility room | Basement | 5.37 m x 8.58 m |
| Utility room | Basement | 10.1 m x 8.84 m |
| Other | Basement | 4.41 m x 4.61 m |
| Utility room | Basement | 5.6 m x 3.39 m |
| Dining room | Main level | 2.41 m x 3.11 m |
| Bathroom | Main level | 2.08 m x 2.18 m |
| Other | Main level | 2.43 m x 3.42 m |
| Dining room | Main level | 4.45 m x 2.05 m |
| Kitchen | Main level | 5.47 m x 3.3 m |
| Kitchen | Main level | 3.25 m x 3.11 m |
| Living room | Main level | 3.34 m x 3.46 m |
| Bathroom | Main level | 1.55 m x 2.41 m |
| Bedroom 3 | Main level | 3.05 m x 4.29 m |
| Bedroom 3 | Main level | 2.61 m x 3 m |
| Bedroom 3 | Main level | 2.39 m x 3.52 m |
| Dining room | Main level | 2.72 m x 2.05 m |
| Foyer | Main level | 2.48 m x 2.11 m |
| Kitchen | Main level | 2.67 m x 2.55 m |
| Living room | Main level | 4.92 m x 4.29 m |
| Primary Bedroom | Main level | 3.2 m x 5.98 m |
| Living room | Main level | 5.48 m x 4.56 m |
| Sunroom | Main level | 2.98 m x 3.67 m |
| Bedroom 2 | Upper Level | 3.35 m x 3.23 m |
| Bedroom 2 | Upper Level | 2.1 m x 4.66 m |
| Primary Bedroom | Upper Level | 3.33 m x 3.61 m |
| Bathroom | Upper Level | 2.94 m x 2.13 m |
| Bedroom 4 | Upper Level | 3.77 m x 3.68 m |
| Dining room | Upper Level | 4.31 m x 6.14 m |
| Kitchen | Upper Level | 3.42 m x 2.42 m |
| Living room | Upper Level | 4.71 m x 4.12 m |
| Primary Bedroom | Upper Level | 5.13 m x 3.68 m |
| Bathroom | Upper Level | 2.34 m x 3.47 m |
| Bedroom | Upper Level | 2.56 m x 3.09 m |
| Bedroom | Upper Level | 2.6 m x 3.14 m |
| Primary Bedroom | Upper Level | 3.36 m x 3.47 m |
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