131 FAIRVIEW AVENUE, St. Thomas

$1,300,000

For sale: Detached

Detached at 131 FAIRVIEW AVENUE, St. Thomas
Property type
Detached
Bedrooms / bathrooms
6 bedrooms, 2 bathrooms
Living area
1,100 sqft
MLS®
MLS® X14096080
Neighbourhood
St. Thomas

Prime St. Thomas Location with Exceptional Lot & Development Potential! Excellent opportunity for homeowners, investors and developers. Incredible value-add potential 103'x380' lot situated in a high-convenience St. Thomas location. Featuring excellent access to transit and main arterial routes, Parks, Schools, hospital, this property presents a versatile potential development opportunity. Concept plans have been prepared and preapproved for townhouse development featuring 8 residential units with the existing single detached home, offering exciting potential for builders, developers, and investors. Buyers to conduct their own due diligence regarding zoning, planning approvals, building permits, servicing, and development feasibility with the City of St. Thomas. Concept plans and consultation documents available for review. Currently tenanted existing detached bungalow featuring 3+3 bedrooms and 2 bathrooms, offering plenty of space for a growing family or extended family living. The fully functional layout provides flexibility for a variety of living arrangements, with additional bedrooms offering potential for a home office, guest rooms, or recreation space. Property is being sold in "as is, where is" condition. Bring your vision and explore the options to build equity or redevelop!

Sold data

Detached homes in St. Thomas — recent sold market

Detached homes in St. Thomas took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 44, across 116 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 48 days.

The median sale price was $549,900.

Homes sold for about 2.5% below asking on average, so there was room to negotiate.

About 15% of sales closed above the list price.

Around 26% of sellers reduced their price before finding a buyer.

Median days to sell
22
Median sale price
$549,900
Sale-to-list ratio
97.5%
Sold above asking
15%

Based on 116 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in St. Thomas

St. Thomas has 16 Fraser Institute–rated schools (12 elementary and 4 secondary), averaging 5.2/10.

Rated schools
16
Elementary
12
Secondary
4
Average rating
5.2 / 10

Top-rated schools in St. Thomas

  • Eva Circe-Cote FI — elementaryFraser rating 7.1/10
  • Southwold — elementaryFraser rating 6.8/10
  • Pierre Elliott Trudeau FI — elementaryFraser rating 6.5/10
  • St. Joseph's — secondary, St ThomasFraser rating 6.5/10
  • Lockes — elementaryFraser rating 6.2/10
  • Parkside — secondary, St ThomasFraser rating 6.1/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 131 FAIRVIEW AVENUE