Who’s looking for a profitable property?
Here is your chance to grab a detached 3 level backsplit in St. Thomas approximately 25 minutes south of London, Ontario. You are just minutes to Fairview Ave amenities, parks, schools, and a direct route into London. Priced at only $375K OBO in an area where there are currently no other detached homes selling under $400K, this is a true discount acquisition. With the nearby Volkswagen EV gigafactory bringing thousands of jobs to the region, rental demand and resale prices continue to strengthen across St. Thomas and the greater London corridor.
With an estimated after repair value around $530K, this property is well positioned for investors targeting a smart wholetail, a cosmetic flip, or a BRRRR strategy. The layout supports easy execution thanks to the separate basement entrance and finished lower level, reducing risk and renovation complexity compared to older stock or heavy gut projects.
This home sits on a 50 by 120 lot with 4 car parking, 3+1 bedrooms, 1+1 bathrooms, and a finished basement already set up for private living. The structure makes a conversion straightforward, and St. Thomas continues to offer some of the best remaining affordability in Southwestern Ontario while benefiting directly from London’s economic expansion. For investors priced out of London or the GTA, this is the type of entry that still makes sense on real numbers.
How can you profit?
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Easy Wholetail or Cosmetic Flip – Buy at $375K OBO, complete clean up and targeted cosmetic updates, and relist closer to the ~$530K ARV supported by nearby renovated detached sales. This is not a heavy construction project, but rather a value repositioning play that works because of the acquisition price and lack of competing sub $400K inventory.
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Rental Conversion and BRRRR – Basement already has a separate entrance, bedroom, full bath and rec room. Add a kitchenette to create a strong 2 unit setup in a market seeing rapid employment growth. Stabilise rents, refinance near the ~$530K value range, and recycle capital into your next deal.
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Move In With Equity/Househack – Live on the main floor and rent the lower level to offset carrying costs. Lock in a detached home well below replacement value, build equity through light improvements, and benefit from long term appreciation tied to VW-driven population growth.
SUMMARY:
- LOCATION: St. Thomas, ON (Axford Parkway & Fairview Ave)
- PURCHASE PRICE: $375,000 Or Best Offer
- AFTER REPAIR VALUE: $530,000+
- CLOSING: January 8, 2026- no later (This is an assignment sale.)
- TYPE: Detached Backsplit 3
- BEDS/BATHS: 3+1 beds/1+1 bath
- PARKING: 4 cars in driveway
- BASEMENT: Finished
- SQFT: 1,030
- LOT: 50’ x 120’
- AGE: 1969
- PROPERTY TAX: $3,168 (2025)
- POSSESSION: Vacant
- ROOF: approx. 10 years
- WINDOWS: Good condition, age unknown
- FURNACE: approx. 15 years
- AC: approx. 15 years
- HWT: rented
RENOVATIONS NEEDED:
- Cosmetic updates and flooring
- Dishwasher and dryer not included
- One bedroom has an odour
- Some junk and furniture removal required
GOOD NEWS:
- ~$530K ARV supported by renovated detached sales
- Rare sub $400K detached entry in this pocket
- Ideal wholetail or BRRRR candidate with simple execution
- Separate basement entrance supports rental conversion
- Strong demand from Volkswagen gigafactory job growth
- Affordable detached alternative to London and the GTA
LISTING ID: 1225-STT-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard & Sarah Budden
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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PS. This is a numbers deal. Buy right, execute clean, and exit near $530K. Who wants to make money on this one?