50 Fairview Avenue, St. Thomas ON

About 50 Fairview Avenue

A fantastic opportunity to own a fully legal and vacant extensively upgraded 4-plex where you can set your own rent in the fast-growing city of St. Thomas. This building offers a desirable unit mix of one 4-bedroom unit, two 3-bedroom units, and one 2-bedroom unit. Nearly every major component has been updated over the past 10 years, including new kitchens, modernized electrical (100 amps per unit), full waterproofing (interior & exterior), refinished floors (2024), updated roof (50 year shingles) and windows, fresh paint (2024), three units have updated bathrooms and updated exterior doors on all units. Additional highlights include basement storage, in-unit laundry potential, owned water heaters (x4), municipal sewer connection, and the potential for a 5th unit in the basement. Situated on a large 0.61-acre lot with significant under-utilized land offering potential for future units, parking, or storage (concepts for up to 16 units supported by recent planning study; zoning amendment required). Ideally located minutes from parks, schools, shopping, and downtown amenities with quick access to London and Hwy 401. St. Thomas is an affordable, rapidly growing community with major new employers (Volkswagen EV plant, Amazon, Magna), a revitalized downtown core, and strong long-term rental demand an ideal turnkey investment with future upside. (id:56071). Get more information on 50 Fairview Avenue

Property Features

Appliances:  Microwave, Stove, Refrigerator
Rental Equipment:  
Directions:  Talbot St
Zoning Description:  R3-5
Interior Size:  3500 - 5000 sqft
Community Features:  Community Centre
Access:  Public Road
Lot:  55.2 x 249.2 FT 55.2 x 249.2 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / Central air conditioning
Age: 
Foundation: Poured Concrete
Basement:  Full (Unfinished) Unfinished

Rooms & Sizes