50 FAIRVIEW AVENUE, St. Thomas, ON N5R4X6 – X12331212

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Wed

Aug

Thu

Aug

Fri

Aug

Katie Van Nes

katie@mostreferred.expert +1(604) 855-8228

$ 1,149,000

Est. payment | -/mo

12 Beds

4 Baths

3,500 SqFt

Save

$ 1,149,000

Est. payment | -/mo

Save

12 Beds

4 Baths

3,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $328

Subdivision St. Thomas

MLS® Listing ID X12331212

Bedrooms 12

Source London and St. Thomas Association of REALTORS®

Property Description

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. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features No

Community Features Community Centre

View Y/N No

Total Parking Spaces 10

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Listed by EXP REALTY

"Unlock the door to your dream home with Katie, where professionalism meets passion in the world of real estate. We don't just sell properties; we curate lifestyles. Let us guide you through the doorway to exceptional living, turning houses into homes and dreams into addresses. Your key to a brighter future starts here – because home is where the heart is, and we're here to help you find yours. Trust [Your Name] for a seamless journey to your next chapter. Welcome home!"

+1(604) 855-8228

katie@mostreferred.expert

202-15388 24th Avenue, Surrey, V4A, 2J2, Canada

50 FAIRVIEW AVENUE St. Thomas, ON N5R4X6