140 Erie Street, Leamington, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Leamington. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,000,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 66 x 132 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Positioned on one of Leamington's main commercial corridors, 140 Erie Street North presents an exceptional opportunity for both owner-users and investors seeking a highly visible, move-in-ready commercial property. Offering approximately 2,200 square feet of professionally built-out office and retail space, the property has been extensively refreshed with new flooring, paint, carpet in 2024, creating a modern and welcoming environment for a variety of business uses. The property benefits from desirable C6 Commercial Zoning, providing flexibility for a wide range of retail, office, service commercial, and mixed commercial applications. Situated on a generous 8,783.34 sq. ft. (0.202-acre) lot with 66 feet of frontage along Erie Street North, the site enjoys excellent exposure and accessibility in a high-traffic location. Whether you're expanding your business footprint, relocating to a prominent location, or adding a versatile commercial asset to your investment portfolio, this property offers immediate functionality and long-term potential in one of Essex County's most active commercial markets. Do not go direct. Please contact Listing Brokers for details on showings.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 140 Erie Street N, Leamington, ON N8H 3A2
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Leamington, ON
For a property listed at $1,000,000 in Leamington, the legal minimum down payment is $200,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $16,475 for this transaction. As this listing is in Leamington (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $16,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.