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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$1,249,000
Available - For Sale
Listing ID: X12226071
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.
Price $1,249,000
Taxes: $4,991
Occupancy by: Vacant
Address: 50 Fairview Aven , St. Thomas, N5R 4X6, Elgin
Directions/Cross Streets: Talbot St
Rooms: 28
Rooms +: 4
Bedrooms: 12
Bedrooms +: 0
Washrooms: 4
Family Room: T
Basement: Full
Unfinished
No. of Pieces Level
Washroom 1:  4 Second
Washroom 2:  4 Second
Washroom 3:  4 Second
Washroom 4:  4 Second
Washroom 5:  0
Washroom 6:  4 Second
Washroom 7:  4 Second
Washroom 8:  4 Second
Washroom 9:  4 Second
Washroom 10:  0
Property Type: Fourplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
Drive Parking Spaces: 10
Pool: None
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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EXP REALTY

50 Fairview Aven , St. Thomas, N5R 4X6, Elgin

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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Fourplex
Area: Elgin
Municipality: St. Thomas
Neighbourhood: St. Thomas
Style: 2-Storey
Lot Size: x 249.22(Feet)
Approximate Age:
Tax: $4,991
Maintenance Fee: $0
Beds: 12
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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