50 FAIRVIEW Avenue, St. Thomas, ON N5R 4X6
St. Thomas, ON, N5R 4X6 · St. Thomas
About this property
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.
Features & Amenities
- Basement: Full, Unfinished
- Garage: None
- Cooling: Central Air, Wall Unit(s)
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | 2-Storey |
| Bedrooms | 12 |
| Bathrooms | 4 |
| Lot Size | 1 Feet |
| Basement | Full, Unfinished |
| Garage | None |
| Parking Spaces | 10 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air, Wall Unit(s) |
| Sewer | Sewer |
| Annual Tax | $5,166 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Other
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Foundation Details
- Poured Concrete
- Roof
- Shingles
- Basement
- Full, Unfinished
- Approximate Age
- 100+
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air, Wall Unit(s)
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 10
- Parking Total
- 10.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 0.62
- Lot Size Units
- Feet
- Lot Depth
- 249.22
- Lot Width
- 55.57
- Lot Irregularities
- SEE REMARKS
Community & Neighborhood
- Property Features
- Park, Place Of Worship, Rec./Commun.Centre, School, Public Transit
Financial & Tax
- Tax Annual Amount
- $5,166
- Tax Year
- 2025
- Tax Assessed Value
- $300,000
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 28
- Rooms Below Grade
- 4
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 12
Additional Details
- Occupant Type
- Vacant
- Direction Faces
- East
- County Or Parish
- Elgin
- Cross Street
- ELM ST / FAIRVIEW AVE
- Directions
- LOCATED ON THE WEST SIDE OF FAIRVIEW AVE, NORTH OF ELM STREET.
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
50 FAIRVIEW Avenue, St. Thomas, ON N5R 4X6, St. Thomas, ON, N5R 4X6