408 MERSEA RD 3
Leamington, Ontario
8 bed • 3 bath • Single Family
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.
Price History
Schools
Secondary
- Leamington District Secondary School1.7 km
Public · Greater Essex County DSB · 925 students
Grade 10 literacy: 75% met the provincial standard
- Cardinal Carter Catholic Secondary School2.3 km
Catholic · Windsor-Essex CDSB · 630 students
Grade 10 literacy: 100% met the provincial standard
Elementary
- Cardinal Carter Middle School2 km
Catholic · Windsor-Essex CDSB · 320 students
Grade 6 math: 58% met the provincial standard
- Margaret D Bennie Public School2.5 km
Public · Greater Essex County DSB · 390 students
Grade 3 reading: 74% met the provincial standard · Grade 6 math: 35% met the provincial standard
- Queen Elizabeth Public School2.6 km
Public · Greater Essex County DSB · 505 students
Grade 3 reading: 66% met the provincial standard · Grade 6 math: 44% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N8H
- Population
- 27,530
- Private dwellings
- 10,486
- Median age
- 41.6
- Average household size
- 2.7
- Median household income
- $78,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Mortgage Calculator
$279,980
Estimated Monthly Payment
$6,877
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,877/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $350/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?