36 Pearl Avenue
Leamington, N8H 1J7
$499,900
Expired
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4
BEDROOMS 2
BATHROOMS 2
KITCHENS 6 + 3
ROOMS X10426438
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2022-11-22 | 2023-01-05 | 44 | $539,000 | $539,000 |
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Property 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 Features
Fenced Yard, School, School Bus Route, Other, Private
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Property Details
Address
36 Pearl Avenue
City
Postal Code
N8H 1J7
Property Type
Detached, Detached
Days On Market
181
Lot Size
60' x 125'
Taxes
$3,443 (2024
Basement
Apartment, Separate Entrance
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
Attached
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Beautifully furnished waterfront cottage on the shores of Lake Erie, offering the perfect blend of comfort, style, and functionality. This 3-bedroom plus loft home is ideal as a year-round family retreat or a turnkey short- or long-term rental. The spacious family room and kitchen are filled with natural light and offer stunning, uninterrupted views of Lake Erie--making it the perfect place to enjoy peaceful sunsets and lakefront living. Over $30,000 has been invested in recent upgrades, including a brand-new bathroom, a high-efficiency Pioneer heating and cooling system, and a fully insulated and encapsulated crawlspace for improved year-round comfort. The home also features smart technology, allowing remote access and control of the entry system and climate settings through your smartphone. Whether you're looking for a serene getaway or a smart investment, this lakeside property checks all the boxes.
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