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131 FAIRVIEW AVENUE, St. Thomas — listed at $1,300,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom 4 | Lower level | 5.49 x 4.57 meters |
| Bedroom 5 | Lower level | 4.57 x 4.57 meters |
| Bedroom | Lower level | 6.1 x 5.49 meters |
| Living room | Main level | 6.12 x 3.45 meters |
| Kitchen | Main level | 4.95 x 3.38 meters |
| Dining room | Main level | 2.51 x 2.44 meters |
| Bedroom | Main level | 3.48 x 3.45 meters |
| Bedroom | Main level | 3.17 x 3.1 meters |
| Bedroom | Main level | 3.48 x 2.34 meters |
| Sunroom | Main level | 7.92 x 3.86 meters |
| Bathroom | Main level | — |
| Bathroom | Lower level | — |
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,689, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What makes this a luxury property?+
At $1,300,000, standout features include a pool. In this price range, expect higher-end finishes — verify during a showing.
Is 131 FAIRVIEW AVENUE a good fit for a growing family?+
With 6 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
Tell me about the pool.+
This property has a pool: Inground pool. Ask whether it's open year-round or seasonal, and factor in maintenance costs when budgeting.
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