408 Mersea Rd, Leamington, ONTARIO N8H 3V5
- $1,399,900
- 8
- BD
- 3
- BA
- 3,600
- SqFt
- List Price
- $1,399,900
- Status
- ACTIVE
- MLS® #
- 26006616
- Subtype
- Residential
- Year Built
- 1980
- Bedrooms
- 8
- Bathrooms
- 3
- Full Baths
- 2
- Half Baths
- 1
- Living Area
- 3,600
- Acres
- 0.76
- MLS Area Major
- Mersea/Albuna/Erie
Property Description
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.
Additional Information
- Interior Features
- Second Kitchen
- Exterior Features
- Barbecue, Covered Porch, Sprinkler System, Workshop
- Zoning
- A5-16
- Flooring
- Ceramic, Hardwood, Laminate
- Appliances
- Additional Refrigerator(s), Central Vacuum, Dishwasher, Dryer, Freezer, Built-In Oven, Refrigerator, Stove
- Roof
- Asphalt
- Foundation
- Block
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Listing courtesy of REMAX PREFERRED REALTY LTD. - 588.