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$899,900
Leamington
93 ERIE Street South, Leamington, Ontario, N8H3B4
This multi-family property in Leamington is for sale. It has been on the market 34 days, fresher than the Leamington average of 74 days.
Excellent opportunity for investors or owner-operators. This solid 2-sty mixed-use property sits on one of Leamington’s busiest streets, offering exceptional visibility, heavy car traffic, and steady foot traffic. The main flr features a well-established local pizza business operating for over 40 years — a true turnkey operation with long history, loyal clientele, and smooth day-to-day systems. Live here, run the business, and be your own boss. Easy to take over, and the owner is willing to train. Beyond the commercial storefront, the building includes two self-contained residential units that provide flexible living options or strong rental income: Upper Unit: 3 bedrooms, 1 full bath, kitchen, spacious living room, and private laundry. Main Floor Rear Unit: 2 bedrooms, 1 bath, and private laundry. Additional highlights include a front patio ideal for restaurant seating, cement parking in both front and rear with a total of 8 parking spaces, brand new roof in 2026 and possible seller financing. A rare chance to own a mixed-use property with built-in income, established business, and prime exposure in the heart of Leamington. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 34 days on market, against an average age of 74 days across the listings currently for sale in this city
This multi-family in Leamington has been listed for 34 days, which is 40 days fresher than the city average of 74. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $899,900, about 11.5× the local median household income of $78,000.
Carrying it typically needs a household income of about $175,782 (20% down, 25-yr amortization, stress-tested) — roughly 125% above the area median.
Source: Statistics Canada, 2021 Census (FSA N8H)
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Loading rates, 30-yr amortization
Cash Needed to Close
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