25 CLARK Street West, Leamington, Ontario, N8H1E6

For sale

13 days ago

$750K

25 CLARK Street West, Leamington, Ontario, N8H1E6

Lot size 5,314 sq ft (0.12 ac)

Listed by ROYAL LEPAGE BINDER REAL ESTATE

39 RUSSELL Street, Leamington, Ontario, N8H1V1

For sale

18 days ago

$460K

39 RUSSELL Street, Leamington, Ontario, N8H1V1

Lot size 59 × 132 ft (7,760 sq ft)

Listed by KEY SOLUTIONS REALTY LTD.

93 ERIE Street South, Leamington, Ontario, N8H3B4

For sale

34 days ago

$900K

93 ERIE Street South, Leamington, Ontario, N8H3B4

Lot size 6,970 sq ft (0.16 ac)

Listed by REMAX PREFERRED REALTY LTD. - 584

For sale

84 days ago

$500K

31 EAGLE, Leamington, Ontario, N8H3V4

Listed by REMAX PREFERRED REALTY LTD. - 584

Investment analysis

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$449,900

Leamington

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$449,900

For sale

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23 ASKEW Street, Leamington - Multi-family for Sale

23 ASKEW Street, Leamington, Ontario, N8H1X4

61 × 83 ft (5,121 sq ft) lot sizeListed 17 days ago

Overview

This multi-family property in Leamington is for sale. It has been on the market 17 days, fresher than the Leamington average of 74 days.

Multi-Family Properties for Sale in Leamington →All real estate in Leamington →

Description

Great investment opportunity in the heart of Leamington! Featuring 2 separate houses on one property with a total of 4 rental units, this property offers excellent income potential for investors looking to expand their portfolio. Currently, 2 of the 4 units are occupied, including a 3-bedroom unit rented for $1,750/month plus hydro and a 1-bedroom unit rented for $600/month plus all utilities, generating $2,350 in monthly rental income. The remaining 2 vacant units offer an opportunity for renovations and additional rental income. Conveniently located within walking distance to shopping, restaurants, schools and other local amenities. Whether you're an experienced investor or looking to get started, this property offers plenty of potential to add value and increase your returns. Contact us today for more information or to schedule your private showing. (id:66096)

Property Details

MLS®: 26025035
Property Type: Multi-family
Zoning: RES
Lot Size: 61 × 83 ft (5,121 sq ft)
Units: 4
Storeys: 1
Heating: Baseboard heaters, Electric, Natural gas, Furnace
Cooling: Partially air conditioned
Garage: Other
Ownership: Freehold
Listed: 17 days ago

Rooms

Basement

Utility room

Second level

3pc Bathroom
Living room
Kitchen
Bedroom

Main level

4pc Bathroom
4pc Bathroom
4pc Bathroom
Living room
Living room
Laundry room
Kitchen
Kitchen
Kitchen
Bedroom

Features

Flooring: Laminate, Ceramic/Porcelain, Cushion/Lino/Vinyl
Foundation: Unknown
Exterior: Aluminum/Vinyl

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

Leamington listings, avg age

74d

List price

$450K

Haho

This multi-family in Leamington has been listed for 17 days, which is 57 days fresher than the city average of 74. Act while there is still low competition.

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Listed by KW SIGNATURE · PETER PIATKIEWICZ

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N8H)

This home lists at $449,900, about 5.8× the local median household income of $78,000.

Carrying it typically needs a household income of about $87,881 (20% down, 25-yr amortization, stress-tested) — roughly 13% above the area median.

Median household income: $78,000
Population: 27,530
Median age: 41.6
Owner / renter: 68% / 32%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA N8H)

$449,900

For sale

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Full Cost Breakdown

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Down Payment5% · $22,495

Min 5%50%

Mortgage payment$2,370/mo

↳ CMHC premium ($17,096 capitalized)

Est. property tax$375/mo

Total monthly$2,745

Cash Needed to Close

Down payment (5%)$22,495

Land transfer tax$5,473

Est. closing costs$3,850

Total cash needed$31,818

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice