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.
12 bedrooms, 4 bathrooms, about 3,500 sq ft, works out to roughly $257 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
Inside 50 Fairview Ave
Every detail from the listing, in one place.
Type
Fourplex
Style
2-Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
10 spaces
Basement
Full, Unfinished
Features & systems
Parking & garage
Parking spaces
10
Interior
Basement
Full · Unfinished
Lot & land
Lot size (sqft)
0.615
Listing & possession
Property style
2-Storey
Property class
Fourplex
50 Fairview Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,421
/mo
based on the purchase price of $899,900
$179,980 cash
$719,920 financed
$606,362 total interest
Principal54%$719,920
Interest46%$606,362
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Keep looking near 50 Fairview Ave
Homes for sale in St. Thomas
Every active St. Thomas MLS® listing, updated all day.
Average days on market43Homes sold in about 43 days on average.
Sale-to-list ratio97.6%On average, homes sold below asking.
Active listings243Homes for sale here right now.
Median vs prior 90 days+1.9%Compared with May 16 – Aug 14, 2026: prices up.
Based on 231 sales from Aug 14 – Nov 12, 2026 (170 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 50 Fairview Ave
How much is 50 Fairview Ave listed for?
50 Fairview Ave is listed at $899,900 (MLS® X13490074). Summitly updates the price as soon as the MLS® record changes.
Is $899,900 a good price for 50 Fairview Ave?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in St. Thomas. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 50 Fairview Ave changed?
Yes — it was first listed at $1,049,900 and is now $899,900, a drop of $150,000 (14.3%).
How many bedrooms and bathrooms does 50 Fairview Ave have?
50 Fairview Ave has 12 bedrooms and 4 bathrooms, with about 3,500–5,000 square feet of living space. It is a fourplex in St. Thomas.
How much would the monthly mortgage be on 50 Fairview Ave?
About $4,421 a month — principal and interest on $899,900 with 20% down ($179,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 50 Fairview Ave compare with other homes in St. Thomas?
Its asking price of $899,900 is about 71% above the median sold price in St. Thomas over the last 90 days, $525,000, across 231 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 50 Fairview Ave been sold before?
Summitly has no earlier MLS® sale or lease of 50 Fairview Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 50 Fairview Ave?
50 Fairview Ave is in St. Thomas, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 50 Fairview Ave been on the market?
140 days — 50 Fairview Ave was listed on June 25, 2026.
What is the price per square foot of 50 Fairview Ave?
About $180 to $257 per square foot: the asking price of $899,900 over the 3,500–5,000 sq ft the listing gives as its size range.
Does 50 Fairview Ave have parking or a garage?
Yes — the listing gives 10 parking spaces.
Does 50 Fairview Ave have a basement, and is it finished?
The listing describes the basement as: Full, Unfinished.
