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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

12 Beds

4 Baths

0.5 Acres Lot

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Est. payment | -/mo

Save Virtual Tour

12 Beds

4 Baths

0.5 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision St. Thomas

MLS Listing ID X13490074

Style 2-Storey

Bedrooms 12

Annual Tax Amount $5,166

Tax Year 2025

Lot Size 0.500 Acres

Property Sub-Type Fourplex

Property Description

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.

Location

Province ON

County Elgin

Area Elgin

Zoning R3-5

Rooms

Family Room No

Basement Full, Unfinished

Kitchen 4

Interior

Interior Features Other

Cooling Central Air, Wall Unit(s)

Exterior

Pool None

Roof Type Shingles

Lot Frontage 55.57

Lot Depth 249.22

Total Parking Spaces 10

Building

Building Age 100+

Foundation Poured Concrete

Others

Senior Community No

ParcelsYN No

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Listed by ROYAL LEPAGE TRILAND REALTY

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50 FAIRVIEW AVE St. Thomas, ON N5R 4X6