50 Fairview Avenue St. Thomas, Ontario N5R 4X6
$1,249,000
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:41954)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12225944 |
| Property Type | Multi-family |
| Community Name | St. Thomas |
Building
| Appliances | Microwave, Stove, Refrigerator |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 1 Ac |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 249 Ft ,2 In |
| Size Frontage | 55 Ft ,1 In |
| Size Irregular | 0.615 |
| Size Total | 0.615 Ac |
| Size Total Text | 0.615 Ac |
| Zoning Description | R3-5 |
https://www.realtor.ca/real-estate/28479399/50-fairview-avenue-st-thomas-st-thomas
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June 17 2025 03:52:50
London and St. Thomas Association of REALTORS®
Exp Realty