$1,049,900
Available - For Sale
Listing ID: X13490074
50 FAIRVIEW Avenue , St. Thomas, N5R 4X6, Elgin
| 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. |
| Price | $1,049,900 |
| Taxes: | $5166.00 |
| Assessment Year: | 2025 |
| Occupancy: | Vacant |
| Address: | 50 FAIRVIEW Avenue , St. Thomas, N5R 4X6, Elgin |
| Acreage: | .50-1.99 |
| Directions/Cross Streets: | ELM ST / FAIRVIEW AVE |
| Rooms: | 28 |
| Rooms +: | 4 |
| Bedrooms: | 12 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Full, Unfinished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Dining Ro | 7.9 | 10.2 | |
| Room 2 | Main | Kitchen | 10.66 | 10.2 | |
| Room 3 | Main | Living Ro | 17.97 | 14.96 | |
| Room 4 | Main | Sunroom | 9.77 | 12.04 | |
| Room 5 | Upper | Bathroom | 7.68 | 11.38 | 4 Pc Bath |
| Room 6 | Upper | Bedroom | 8.4 | 10.14 | |
| Room 7 | Upper | Bedroom | 8.53 | 10.3 | |
| Room 8 | Upper | Primary B | 11.02 | 11.38 | |
| Room 9 | Basement | Other | 14.46 | 15.12 | Unfinished |
| Room 10 | Basement | Utility R | 18.37 | 11.12 | |
| Room 11 | Main | Bathroom | 6.82 | 7.15 | 4 Pc Bath |
| Room 12 | Main | Other | 7.97 | 11.22 | |
| Room 13 | Main | Dining Ro | 14.6 | 6.72 | |
| Room 14 | Main | Kitchen | 17.94 | 10.82 | |
| Room 15 | Main | Living Ro | 10.96 | 11.35 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Main |
| Washroom Type 3 | 4 | Upper |
| Washroom Type 4 | 4 | Upper |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 100+ |
| Property Type: | Fourplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| Drive Parking Spaces: | 10 |
| Pool: | None |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 3500-5000 |
| Property Features: | Park, Place Of Worship |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| ROYAL LEPAGE TRILAND REALTY |
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Elgin |
| Municipality: | St. Thomas |
| Neighbourhood: | St. Thomas |
| Style: | 2-Storey |
| Approximate Age: | 100+ |
| Tax: | $5,166 |
| Beds: | 12 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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