170 days on Market

36 Pearl Ave, Leamington, Ontario N8H 1J7

Detached
4
2
~2000-2500 sqft
$•••,•••
$499,900
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Detached
4
2
~2000-2500 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$224/sqft

Est. Mortgage$2,147/mo

Tax Amount (2024)$3,443/yr

Days On Market170 days


Description

Turnkey cash flow positive investment property boasting a whopping 7.6% cap rate OR the perfect family home with a separate entrance & basement apartment for additional income. Currently tenanted. Tenants can stay or vacate if buyer is end user. Total gross rent once fully leased: $4,000/month. Nearly $966/mo potential net cash flow after all expenses including debt service. Basement fully renovated approximately 1 year ago. Clean and extraordinarily well maintained property. Outstanding location, family-friendly neighbourhood. **EXTRAS** All Existing Appliances Including 2 x Fridges, 2 x Stoves, 1 x W/D. All Elfs And Window Coverings.


Property Details

StyleBungalow-Raised
View-
Age of property-
SqFt~2000-2500 SqFt
Lot Size7,500 SqFt(125 x 60)
Parking Spaces4
MLS ®NumberX10426438
Community NameLeamington
Data SourceTRREB
Listing byROYAL LEPAGE YOUR COMMUNITY REALTY

Features

Heating: Forced Air
Cooling: Central Air
Basement: Apartment, Sep Entrance

Bsmt Floor

Bathroom

1.78 x 1.65

3 Pc Bath

Laundry

2.22 x 2.66

Kitchen

4.3 x 3.02

Br

3.4 x 2.96


Features

Lot size: 7,500 SqFt

Parking

Garage spaces 1

Garage type Attached

Other parking spaces 3

Total parking spaces 4


Property History

Nov 14, 2024
ListedActive
$499,900
170 days on market
history photo preview34
Listing by trreb®
Property listed by ROYAL LEPAGE YOUR COMMUNITY REALTY, Brokerage
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Market Data - Leamington

Geo Zone Map ThumbnailLeamington

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

35 days

Compared to

2024

43 days

2023

46 days

2022

6 days

New Listings

Past 30 days

45 listings

Compared to

2024

34 listings

2023

11 listings

2022

10 listings

Units sold

Past 30 days

1 unit

Compared to

2024

1 unit

2023

2 units

2022

2 units

Median Sold Price

Past 30 days

$512,000

Compared to

2024

$430,000

2023

$470,000

2022

$617,500


Population and Demographics

Overview

Total population 29989
Average household income $114,741

Age (%)

0 to 19
24%
65 and plus
20%
50 to 64
20%
20 to 34
19%
35 to 49
17%

Household composition (%)

Single family
69%
Single person
27%
Multi person
4%
Multi family
1%

Mother tongue (%)

English
66%
German
10%
Spanish
5%
Plautdietsch
4%
Arabic
3%
Portuguese
3%
Others
2%
Tagalog (Pilipino, Filipino)
2%
Italian
1%

House tenancy (%)

Owners
70%
Renters
30%

Schools and amenities

Estimated Budget