St. Thomas ON, N5R 4X6
Property Information:
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:7525)
Building Features:
- Style: Multiplex
- Building Type: Fourplex
- Basement Development: Unfinished
- Basement Type: Full
- Exterior Finish: Brick
- Floor Space: 3500 - 5000 sqft
- Foundation Type: Poured Concrete
- Heating Type: Forced air, Heat Pump
- Heating Fuel: Natural gas
- Cooling Type: Central air conditioning, Wall unit
Property Features:
- Property Type: Multi-family
- Bedrooms: 12
- Bathrooms: 4
- Amenities Nearby: Park, Schools, Public Transit
- Community Features: Community Centre
- Features: Irregular lot size
- Floor Space (approx): 3500 - 5000 Square Feet
- Irregular: Yes
- Lot Depth: 249.2 Feet
- Lot Frontage: 55.6 Feet
- Lot Size: 55.6 x 249.2 FT ; SEE REMARKS
- Zoning: R3-5
- Sewer: Sanitary sewer
- Parking Type: No Garage
- No. of Parking Spaces: 10
Rooms:
- Utility Basement Level 5.37 m x 8.58 m 17.62 ft x 28.15 ft
- Utility Basement Level 10.10 m x 8.84 m 33.14 ft x 29.00 ft
- Other Basement Level 4.41 m x 4.61 m 14.47 ft x 15.12 ft
- Utility Basement Level 5.60 m x 3.39 m 18.37 ft x 11.12 ft
- Dining Main Level 2.41 m x 3.11 m 7.91 ft x 10.20 ft
- Bathroom Main Level 2.08 m x 2.18 m 6.82 ft x 7.15 ft
- Other Main Level 2.43 m x 3.42 m 7.97 ft x 11.22 ft
- Dining Main Level 4.45 m x 2.05 m 14.60 ft x 6.73 ft
- Kitchen Main Level 5.47 m x 3.30 m 17.95 ft x 10.83 ft
- Kitchen Main Level 3.25 m x 3.11 m 10.66 ft x 10.20 ft
- Living Main Level 3.34 m x 3.46 m 10.96 ft x 11.35 ft
- Bathroom Main Level 1.55 m x 2.41 m 5.09 ft x 7.91 ft
- 3rd Bedroom Main Level 3.05 m x 4.29 m 10.01 ft x 14.07 ft
- 3rd Bedroom Main Level 2.61 m x 3.00 m 8.56 ft x 9.84 ft
- 3rd Bedroom Main Level 2.39 m x 3.52 m 7.84 ft x 11.55 ft
- Dining Main Level 2.72 m x 2.05 m 8.92 ft x 6.73 ft
- Foyer Main Level 2.48 m x 2.11 m 8.14 ft x 6.92 ft
- Kitchen Main Level 2.67 m x 2.55 m 8.76 ft x 8.37 ft
- Living Main Level 4.92 m x 4.29 m 16.14 ft x 14.07 ft
- Primary Bedroom Main Level 3.20 m x 5.98 m 10.50 ft x 19.62 ft
- Living Main Level 5.48 m x 4.56 m 17.98 ft x 14.96 ft
- Sun Room Main Level 2.98 m x 3.67 m 9.78 ft x 12.04 ft
- 2nd Bedroom Upper Level 3.35 m x 3.23 m 10.99 ft x 10.60 ft
- 2nd Bedroom Upper Level 2.10 m x 4.66 m 6.89 ft x 15.29 ft
- Primary Bedroom Upper Level 3.33 m x 3.61 m 10.93 ft x 11.84 ft
- Bathroom Upper Level 2.94 m x 2.13 m 9.65 ft x 6.99 ft
- 4th Bedroom Upper Level 3.77 m x 3.68 m 12.37 ft x 12.07 ft
- Dining Upper Level 4.31 m x 6.14 m 14.14 ft x 20.14 ft
- Kitchen Upper Level 3.42 m x 2.42 m 11.22 ft x 7.94 ft
- Living Upper Level 4.71 m x 4.12 m 15.45 ft x 13.52 ft
- Primary Bedroom Upper Level 5.13 m x 3.68 m 16.83 ft x 12.07 ft
- Bathroom Upper Level 2.34 m x 3.47 m 7.68 ft x 11.38 ft
- Bedroom Upper Level 2.56 m x 3.09 m 8.40 ft x 10.14 ft
- Bedroom Upper Level 2.60 m x 3.14 m 8.53 ft x 10.30 ft
- Primary Bedroom Upper Level 3.36 m x 3.47 m 11.02 ft x 11.38 ft
Convert Measurement to:
⚠ Potential Investment Performance
There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation
Market Price Trends
Location of 50 FAIRVIEW AVENUE, St. Thomas, Ontario, N5R 4X6
Demographic Information of 50 FAIRVIEW AVENUE, St. Thomas, Ontario, N5R 4X6
Life Stage
Nearly RetiredEmployment Type
Service Sector/White CollarAverage Household Income
$85,839.86Average Number of Children
1.57Household Population
Household Structure
Age of Population
Education
Education Level
No certificate/diploma/degree
23.37 %High school certificate or equivalent
32.12 %Apprenticeship trade certificate/diploma
6.48 %College/non-university certificate
28.47 %University certificate (below bachelor)
0.06 %University Degree
9.51 %Commuter
Travel To Work
By Car
89.69 %By Public Transit
0.0 %By Walking
5.61 %By Bicycle
0.0 %By Other Methods
4.7 %Cultural Diversity
Knowledge of Official Language
Mother Tongue
Building Information
Building Type
Apartments (Low and High Rise)
50.46 %Houses
49.54 %