For Sale: 50 Fairview Avenue, St. Thomas, ON - REW
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$1,049,900
12 bd • 4 ba • 3500 - 4999 sf • Multifamily
50 Fairview Avenue
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$1,049,900
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50 Fairview AvenueSt. Thomas, ON, N5R 4X6

  • 12 Bed
  • 4 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: JEFF NETHERCOTT, Salesperson, ROYAL LEPAGE TRILAND REALTY

Home facts and features

Price details
List Price
$1,049,900
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Gross Taxes for 2025
$5,166
Home facts
Bedrooms
12
Full Bathrooms
4
Parking Spaces
10
Parking Details
No Garage
Property Type
Multifamily
Depth
249.2 feet
Frontage
55.7 feet
Exterior Finish
Brick
Heating Type
Heat Pump, Forced air, Natural gas
Cooling
Central air conditioning, Wall unit
Basement Details
Unfinished, Full
Features
Irregular lot size
Agent details
Primary Agent
JEFF NETHERCOTT
Primary Broker
ROYAL LEPAGE TRILAND REALTY
Listing details
Days on REW
26 Days
MLS® Number
X13490074
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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25 Years
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3.99%

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Property Insights

Forest Park Public School
  • Public
  • JK - 8
St. Anne's School
  • Catholic
  • JK - 8
Central Elgin Collegiate Institute
  • Public
  • 9 - 12
Pierre Elliott Trudeau French Immersion Public School
  • Public
  • K - 8
Elgin Court Public School
  • Public
  • JK - 8
Mitchell Hepburn Public School
  • Public
  • JK - 8
St Joseph's High School
  • Catholic
  • 9 - 12
June Rose Callwood Public School
  • Public
  • JK - 8
Arthur Voaden Secondary School
  • Public
  • 9 - 12
John Wise Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Salesperson
JEFF NETHERCOTT
Office:
519-672-9880
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.