A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, water/lake/river/ocean view for 408 MERSEA RD 3, Leamington Ontario N8H 3V5
48 days on Market

408 MERSEA RD 3, Leamington, Ontario N8H 3V5

Detached
5 + 3
3 + 1
~3600 sqft
$1,399,900
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Detached
5 + 3
3 + 1
~3600 sqft

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Highlights

Property Estimate

Days on market48 days

Estimated valueNot available

Price/Sqft$388/sqft

Monthly cost

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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.


Property Details

StyleBungalow
View-
Age of property1980
SqFt~3600 SqFt
Lot Size-
Parking Spaces-
MLS ®Number26006616
Community NameLeamington
Data SourceWESC
Listing byREMAX PREFERRED REALTY LTD. - 588

Features

Heating: Forced Air
Cooling: Central Air Conditioning
Basement: Full, Finished

MAIN LEVEL Floor

OFFICE

9 x 12

2 PC. BATHROOM

KITCHEN

11 x 18

LIVING ROOM

15 x 23


Property History

Mar 31, 2026
ListedActive
$1,399,900
48 days on market
history photo preview50
Listing by wesc®
Property listed by REMAX PREFERRED REALTY LTD. - 588, 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

34 days

Compared to

2025

35 days

2024

0 day

2023

46 days

New Listings

Past 30 days

57 listings

Compared to

2025

48 listings

2024

34 listings

2023

11 listings

Units sold

Past 30 days

2 units

Compared to

2025

1 unit

2024

0 unit

2023

2 units

Median Sold Price

Past 30 days

$484,500

Compared to

2025

$512,000

2023

$470,000


Population and Demographics

Overview

Total population 29989
Average household income $114,741

Age (%)

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

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%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget