408 MERSEA RD 3

$1,399,900

Leamington, Ontario

  • 8 beds
  • 3 baths
  • 3,600 square feet
Residential · Single FamilyType
1980Year built
Forced air, Natural gasHeating
Central air conditioningCooling
153Days on market
$389 / sqftPrice / sqft

About this property

This impressive income-generating property just outside Leamington offers a rare opportunity for investors seeking multiple revenue streams in one asset. The approximately 3,600 sq ft residence features 8 bedrooms and 3 bathrooms, with the lower level currently configured as a separate income-producing apartment. Adding to the appeal is the approximately 4,200 sq ft manufacturing shop complete with in-floor heating and various electrical supply, currently leased and contributing additional rental income. With residential and commercial components, strong in-place revenue, and tenants responsible for utility usage, this property presents a compelling opportunity for investors looking to expand their portfolio. Buyer to verify zoning, measurements, permitted uses. CALL LS FOR FULL DETAILS OF FINANCES AND COMPANY LEASING THE PREMISES. (id:45603)

Property details

Interior

Bedrooms
8
Bedrooms above grade
5
Bedrooms below grade
3
Bathrooms
3 + 1 half
Living area
3,600 square feet
Storeys
1
Flooring
Hardwood, Laminate, Ceramic/Porcelain
Appliances
Refrigerator, Central Vacuum, Dishwasher, Stove, Oven, Dryer, Freezer, Two Refrigerators

Exterior & parking

Structure type
House
Architectural style
["Bungalow"]
Lot size
110 X 300 FT / 0.76 AC
Parking features
Garage
Exterior features
Brick

Building & HOA

Year built
1980
Heating
Forced air, Natural gas
Cooling
Central air conditioning

Financial & legal

List price
$1,399,900
Price / sqft
$389 / sqft
Tenure
Freehold
Status
Active
MLS® number
26006616

Location

City
Leamington
Province
Ontario
Postal code
N8H3V5

Room details

RoomLevelDimensionsFeatures
2pc BathroomMain level
3pc BathroomMain level
2pc BathroomLower level
5pc BathroomMain level
Living roomLower level36 x 15
BedroomLower level13 x 10
BedroomLower level20 x 13
BedroomLower level17 x 13
Primary BedroomLower level16 x 17
KitchenLower level15 x 13
OfficeMain level12 x 9
FoyerMain level16 x 8
BedroomMain level15 x 12
BedroomMain level12 x 13
BedroomMain level13 x 12
Primary BedroomMain level13 x 11
Dining roomMain level22 x 13
Living roomMain level23 x 15
KitchenMain level18 x 11

Mortgage calculator

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Location & neighbourhood

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Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).