50 FAIRVIEW AVENUE, St. Thomas, Ontario, N5R 4X6

$999,900

MLS® # X13490074

Investment For Sale In St. Thomas, Ontario

$999,900

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
  • Utility Basement Level 10.10 m x 8.84 m
  • Other Basement Level 4.41 m x 4.61 m
  • Utility Basement Level 5.60 m x 3.39 m
  • Dining 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 Main Level 4.45 m x 2.05 m
  • Kitchen Main Level 5.47 m x 3.30 m
  • Kitchen Main Level 3.25 m x 3.11 m
  • Living Main Level 3.34 m x 3.46 m
  • Bathroom Main Level 1.55 m x 2.41 m
  • 3rd Bedroom Main Level 3.05 m x 4.29 m
  • 3rd Bedroom Main Level 2.61 m x 3.00 m
  • 3rd Bedroom Main Level 2.39 m x 3.52 m
  • Dining 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 Main Level 4.92 m x 4.29 m
  • Primary Bedroom Main Level 3.20 m x 5.98 m
  • Living Main Level 5.48 m x 4.56 m
  • Sun Room Main Level 2.98 m x 3.67 m
  • 2nd Bedroom Upper Level 3.35 m x 3.23 m
  • 2nd Bedroom Upper Level 2.10 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
  • 4th Bedroom Upper Level 3.77 m x 3.68 m
  • Dining Upper Level 4.31 m x 6.14 m
  • Kitchen Upper Level 3.42 m x 2.42 m
  • Living 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 2.60 m x 3.14 m
  • Primary Bedroom Upper Level 3.36 m x 3.47 m

Courtesy of: Royal LePage Triland Realty

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