15 days on Market

50 Fairview Ave, St. Thomas, Ontario N5R 4X6

Townhouse
12
4
~3500-5000 sqft
$1,249,000
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Townhouse
12
4
~3500-5000 sqft

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Highlights

Property Estimate

Days on market15 days

Estimated valueNot available

Price/Sqft$303/sqft

Monthly cost

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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.


Property Details

Style2-Storey
View-
Age of property-
SqFt~3500-5000 SqFt
Lot Size13,746 SqFt(249.22 x 55.16)
Parking Spaces10
MLS ®NumberX12226071
Community NameSt. Thomas
Data SourceTRREB
Listing byEXP REALTY

Features

Heating: Forced Air
Cooling: Central Air
Basement: Full, Unfinished

Features

Lot size: 13,746 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 10


Property listed by EXP REALTY, Brokerage
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Market Data - St. Thomas

Geo Zone Map ThumbnailSt. Thomas

Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

52 days

Compared to

2024

45 days

2023

6 days

2022

14 days

New Listings

Past 30 days

12 listings

Compared to

2024

11 listings

2023

5 listings

2022

11 listings

Units sold

Past 30 days

9 units

Compared to

2024

3 units

2023

1 unit

2022

5 units

Median Sold Price

Past 30 days

$569,900

Compared to

2024

$528,000

2023

$600,000

2022

$675,000


Population and Demographics

Overview

Total population 40032
Average household income $100,584

Age (%)

0 to 19
22%
20 to 34
17%
35 to 49
19%
50 to 64
21%
65 and plus
21%

Household composition (%)

Single family
65%
Single person
31%
Multi person
3%
Multi family
0%

Mother tongue (%)

English
94%
Others
4%
French
1%

House tenancy (%)

Owners
68%
Renters
32%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget