50 Fairview Avenue, St. Thomas, Ontario N5R 4X6 (29953855)
50 Fairview Avenue St. Thomas, Ontario N5R 4X6
$1,049,900
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:60297)
Property Details
| MLS® Number | X13490074 |
| Property Type | Multi-family |
| Community Name | St. Thomas |
| AmenitiesNearBy | Park, Place Of Worship, Schools, Public Transit |
| CommunityFeatures | Community Centre |
| Features | Irregular Lot Size |
| ParkingSpaceTotal | 10 |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 12 |
| BedroomsTotal | 12 |
| Age | 100+ Years |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| CoolingType | Central Air Conditioning, Wall Unit |
| ExteriorFinish | Brick |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air, Heat Pump |
| StoriesTotal | 2 |
| SizeInterior | 3500 - 5000 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Park, Place Of Worship, Schools, Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 249 Ft ,2 In |
| SizeFrontage | 55 Ft ,7 In |
| SizeIrregular | 55.6 X 249.2 Ft ; See Remarks |
| SizeTotalText | 55.6 X 249.2 Ft ; See Remarks|1/2 - 1.99 Acres |
| ZoningDescription | R3-5 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Utility Room | 5.37 m | 8.58 m | 5.37 m x 8.58 m |
| Basement | Utility Room | 10.1 m | 8.84 m | 10.1 m x 8.84 m |
| Basement | Other | 4.41 m | 4.61 m | 4.41 m x 4.61 m |
| Basement | Utility Room | 5.6 m | 3.39 m | 5.6 m x 3.39 m |
| Main Level | Dining Room | 2.41 m | 3.11 m | 2.41 m x 3.11 m |
| Main Level | Bathroom | 2.08 m | 2.18 m | 2.08 m x 2.18 m |
| Main Level | Other | 2.43 m | 3.42 m | 2.43 m x 3.42 m |
| Main Level | Dining Room | 4.45 m | 2.05 m | 4.45 m x 2.05 m |
| Main Level | Kitchen | 5.47 m | 3.3 m | 5.47 m x 3.3 m |
| Main Level | Kitchen | 3.25 m | 3.11 m | 3.25 m x 3.11 m |
| Main Level | Living Room | 3.34 m | 3.46 m | 3.34 m x 3.46 m |
| Main Level | Bathroom | 1.55 m | 2.41 m | 1.55 m x 2.41 m |
| Main Level | Bedroom 3 | 3.05 m | 4.29 m | 3.05 m x 4.29 m |
| Main Level | Bedroom 3 | 2.61 m | 3 m | 2.61 m x 3 m |
| Main Level | Bedroom 3 | 2.39 m | 3.52 m | 2.39 m x 3.52 m |
| Main Level | Dining Room | 2.72 m | 2.05 m | 2.72 m x 2.05 m |
| Main Level | Foyer | 2.48 m | 2.11 m | 2.48 m x 2.11 m |
| Main Level | Kitchen | 2.67 m | 2.55 m | 2.67 m x 2.55 m |
| Main Level | Living Room | 4.92 m | 4.29 m | 4.92 m x 4.29 m |
| Main Level | Primary Bedroom | 3.2 m | 5.98 m | 3.2 m x 5.98 m |
| Main Level | Living Room | 5.48 m | 4.56 m | 5.48 m x 4.56 m |
| Main Level | Sunroom | 2.98 m | 3.67 m | 2.98 m x 3.67 m |
| Upper Level | Bedroom 2 | 3.35 m | 3.23 m | 3.35 m x 3.23 m |
| Upper Level | Bedroom 2 | 2.1 m | 4.66 m | 2.1 m x 4.66 m |
| Upper Level | Primary Bedroom | 3.33 m | 3.61 m | 3.33 m x 3.61 m |
| Upper Level | Bathroom | 2.94 m | 2.13 m | 2.94 m x 2.13 m |
| Upper Level | Bedroom 4 | 3.77 m | 3.68 m | 3.77 m x 3.68 m |
| Upper Level | Dining Room | 4.31 m | 6.14 m | 4.31 m x 6.14 m |
| Upper Level | Kitchen | 3.42 m | 2.42 m | 3.42 m x 2.42 m |
| Upper Level | Living Room | 4.71 m | 4.12 m | 4.71 m x 4.12 m |
| Upper Level | Primary Bedroom | 5.13 m | 3.68 m | 5.13 m x 3.68 m |
| Upper Level | Bathroom | 2.34 m | 3.47 m | 2.34 m x 3.47 m |
| Upper Level | Bedroom | 2.56 m | 3.09 m | 2.56 m x 3.09 m |
| Upper Level | Bedroom | 2.6 m | 3.14 m | 2.6 m x 3.14 m |
| Upper Level | Primary Bedroom | 3.36 m | 3.47 m | 3.36 m x 3.47 m |
https://www.realtor.ca/real-estate/29953855/50-fairview-avenue-st-thomas-st-thomas
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Jeff Nethercott
Broker
103-240 Waterloo Street
London, Ontario N6B 2N4
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June 25 2026 06:53:32
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