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    For Sale - 50 FAIRVIEW Avenue, St. Thomas, Ontario

    Est payment $5,042/mo
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    Views   2
    Time on Jump  11 day

    AI Summary *

    • Fully legal and vacant 4-plex ready to establish market rents immediately.
    • Updated units include a mix of 4, 3, and 2 bedrooms for diverse tenants.
    • Significant improvements over 10 years, including modern kitchens and renovated bathrooms.
    • Large 0.59 acre lot with potential for future development opportunities.
    • Conveniently located near parks, schools, shopping, and major employers.




    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.
    Listing IDX13490074
    Address50 FAIRVIEW Avenue
    CitySt. Thomas, Ontario
    Price$1,049,900
    Bed / Bath12 / 4 Full
    Style2-Storey, Fourplex
    ConstructionBrick
    Land Size0.615
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features OtherAmenities Park, Place Of Worship, Rec./Commun.Centre, School, Public TransitOwnership FreeholdBasement Full, UnfinishedFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 10.00
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    Listing Agency:  ROYAL LEPAGE TRILAND REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
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    Place of Worship
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    50 Fairview Avenue
    St. Thomas , Ontario
    12 4 $1,049,900
    Get more info