50 FAIRVIEW AVENUE, St. Thomas
$949,900
For sale: Multiplex
- Property type
- Fourplex
- Bedrooms / bathrooms
- 12 bedrooms, 4 bathrooms
- Living area
- 5,000 sqft
- MLS®
- MLS® X13490074
- Neighbourhood
- St. Thomas
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.
Sold data
Multiplex homes in St. Thomas — recent sold market
Multiplex homes in St. Thomas took a median of 47 days to sell over the last 730 days, with the quickest quarter selling within 25 days and the slowest quarter taking more than 75, across 35 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.
The median sale price was $519,900.
Homes sold for about 3.7% below asking on average, so there was room to negotiate.
About 3% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
- Median days to sell
- 47
- Median sale price
- $519,900
- Sale-to-list ratio
- 96.3%
- Sold above asking
- 3%
Based on 35 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. 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 50 FAIRVIEW AVENUE
$889,000
Multiplex843,500–5,000 sqft20 TECUMSEH STREET, St. Thomas, St. Thomas
$650,000
Multiplex843,000–3,500 sqft119 CARROLL STREET, Ingersoll - South, Ingersoll
$899,900
Multiplex9+142,500–3,000 sqft250 GREENWOOD AVENUE, South D, London South
$899,000
Multiplex10+252,000–2,500 sqft193 WHARNCLIFFE ROAD N, North N, London North
$884,900
Multiplex732,000–2,500 sqft664 CHEAPSIDE STREET, East C, London East
$939,000
Multiplex8+432,500–3,000 sqft63 BIRCH STREET, Cambridge
$769,900
Multiplex11+363,500–5,000 sqft235 HAMILTON ROAD, East L, London East
$574,900
Multiplex622,000–2,500 sqft18 WILLIAM LANE, Woodstock - North, Woodstock