408 MERSEA RD 3
About this home
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:63107)
How this compares
156 active in LeamingtonComparisons use current asking prices from the live MLS® feed — not sold prices, which this feed does not carry.
Similar homes, by asking price
The median asking price for 119 single family listings in Leamington is $599,900. This home is 133% above that.
Closest in price
Based on current asking prices of comparable active listings, not sold prices — sale prices are not published in this data feed. For what a home is actually worth, ask Harjeet for a comparative market analysis.
Browse all Leamington listings →Monthly cost
$6,905/ month, before tax
This listing doesn't state its property tax, so it isn't in the figure above. Ask for it before you rely on this — it is usually a few thousand a year.
- Mortgage (principal + interest)
- $6,380
- Property tax
- —
- Home insurance
- $240
- Heat, hydro and water
- $285
$279,980 down
- Mortgage amount
- $1,119,920
Canadian semi-annual compounding. Property tax follows the MPAC assessed value, not the price, so it is left for you to enter. Insurance and utilities are estimates you can change. Estimate only — not a mortgage approval, quote, or offer of financing.
Getting around
- Healthcare
- 24th pct
- Schools (K-12)
- —
- Child care
- —
- Jobs
- 50th pct
Percentiles among Windsor-Essex dissemination blocks, walking mode. Measures how easily amenities can be reached — not their quality. Adapted from Statistics Canada, Spatial Access Measures, 2024. This does not constitute an endorsement by Statistics Canada of this product.
Property details
Rooms
Main level
- 2pc Bathroom
- 3pc Bathroom
- 5pc Bathroom
- Office12 x 9
- Foyer16 x 8
- Bedroom15 x 12
- Bedroom12 x 13
- Bedroom13 x 12
- Primary Bedroom13 x 11
- Dining room22 x 13
- Living room23 x 15
- Kitchen18 x 11
Lower level
- 2pc Bathroom
- Living room36 x 15
- Bedroom13 x 10
- Bedroom20 x 13
- Bedroom17 x 13
- Primary Bedroom16 x 17
- Kitchen15 x 13