50 Fairview Avenue, St. Thomas ON

About 50 Fairview Avenue

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:56071). Get more information on 50 Fairview Avenue

Property Features

Features:  Irregular lot size
Rental Equipment:  
Directions:  Cross Streets: ELM ST / FAIRVIEW AVE. ** Directions: LOCATED ON THE WEST SIDE OF FAIRVIEW AVE, NORTH OF ELM STREET.
Zoning Description:  R3-5
Interior Size (Approximate):  3500 - 5000 sqft
Community Features:  Community Centre
Lot (Approximate):  55.6 x 249.2 FT ; SEE REMARKS|1/2 - 1.99 acres 55.6 x 249.2 FT ; SEE REMARKS
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / Central air conditioning, Wall unit
Age (Approximate): 100+ years
Foundation: Poured Concrete
Basement:  Full (Unfinished) Unfinished

Rooms & Sizes

(Approximate)

Utility room Basement 5.37 m x 8.58 m	Utility room Basement 10.1 m x 8.84 m	Other Basement 4.41 m x 4.61 m
Utility room Basement 5.6 m x 3.39 m	Dining room 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 room Main level 4.45 m x 2.05 m	Kitchen Main level 5.47 m x 3.3 m
Kitchen Main level 3.25 m x 3.11 m	Living room Main level 3.34 m x 3.46 m	Bathroom Main level 1.55 m x 2.41 m
Bedroom 3 Main level 3.05 m x 4.29 m	Bedroom 3 Main level 2.61 m x 3 m	Bedroom 3 Main level 2.39 m x 3.52 m
Dining room 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 room Main level 4.92 m x 4.29 m	Primary Bedroom Main level 3.2 m x 5.98 m