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Maria Tompson
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Independently owned and operated.
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$1,049,900
Available - For Sale
Listing ID: X13490074
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: $5,166
Assessment Year: 2025
Occupancy by: 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
Washrooms: 4
Family Room: F
Basement: Full
Unfinished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Dining Ro 7.90 10.20
Room 2: Main Kitchen 10.66 10.20
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 8.40 10.14
Room 7: Upper Bedroom 8.53 10.30
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 14.60 6.72
Room 14: Main Kitchen 17.94 10.82
Room 15: Main Living Ro 10.96 11.35
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Main
Washroom 3:  4 Upper
Washroom 4:  4 Upper
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  4 Main
Washroom 8:  4 Upper
Washroom 9:  4 Upper
Washroom 10:  0
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

50 FAIRVIEW Avenue , St. Thomas, N5R 4X6, Elgin

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Maria Tompson
Sales Representative
Dir:
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: 100+
Tax: $5,166
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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