1/50408 MERSEA RD 3, Leamington
408 MERSEA RD 3, Leamington, ON N8H3V5
$1.3M total
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Asset Class
Industrial
Size
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Building class
A
Zoning
IB — Industrial Business
$ / SF
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Occupancy
100%
Year Built
1980
Clear height
28 ft
Loading docks
1
About this property
Live, earn and operate on one Leamington property. Approx. 3,600 sq ft residence (8 bed, 3 bath) with a separate lower-level income apartment, plus an approx. 4,200 sq ft manufacturing shop with in-floor heating and varied electrical supply. Shop currently leased; tenants pay own utilities. Ideal for investors seeking multiple income streams or business owners wanting a heated shop steps from home (subject to existing lease). Buyer to verify zoning, measurements and permitted uses. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$6K
Projected NOI
$68K
Annual cash flow
$-2K
Cash-on-cash
-0.47%
DSCR
0.97
Going-in cap
5.40%
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
48,023
Households
19,462
Median income
$128,000
Median age
36.3
Daytime population
51,039
5-yr growth
1.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 408 MERSEA RD 3, Leamington.
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.