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Business For Sale · Multifamily

93 ERIE STREET South, Leamington

93 ERIE STREET South, Leamington, ON N8H3B4

$899,900 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

87%

About this property

Excellent opportunity for investors or owner-operators. This solid 2-sty mixed-use property sits on one of Leamington’s busiest streets, offering exceptional visibility, heavy car traffic, and steady foot traffic. The main flr features a well-established local pizza business operating for over 40 years — a true turnkey operation with long history, loyal clientele, and smooth day-to-day systems. Live here, run the business, and be your own boss. Easy to take over, and the owner is willing to train. Beyond the commercial storefront, the building includes two self-contained residential units that provide flexible living options or strong rental income: Upper Unit: 3 bedrooms, 1 full bath, kitchen, spacious living room, and private laundry. Main Floor Rear Unit: 2 bedrooms, 1 bath, and private laundry. Additional highlights include a front patio ideal for restaurant seating, cement parking in both front and rear with a total of 8 parking spaces, brand new roof in 2026 and possible seller financing. A rare chance to own a mixed-use property with built-in income, established business, and prime exposure in the heart of Leamington. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$900K
Down payment30% · $270K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$32K

Annual cash flow

$-17K

Cash-on-cash

-6.45%

DSCR

0.65

Going-in cap

3.61%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

120,135

Households

53,574

Median income

$124,500

Median age

34.3

Daytime population

102,850

5-yr growth

2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 93 ERIE STREET South, Leamington.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.