312 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 $950,000 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 2 Bathrooms
- Premium 90.39 x 195.5 ft lot size
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Place of worship with ample parking. Located walking distance from the lake and shopping. Public transit at the door. The main floor includes the sanctuary which seats approximately 100 persons, a nursery and church office. The basement boasts a full kitchen and meeting hall. The building is structurally sound with no deferred maintenance. Its institutional zoning permits a range of uses including medical clinic, daycare, public service facility, etc. Well maintained building suitable for a small congregation or change of use. A number of redevelopment proposed for the surrounding area. Survey attached to the listing.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 312 Erie Street S, Leamington, ON N8H 3C5
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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 $950,000 in Leamington, the legal minimum down payment is $70,000 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 $15,475 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 $15,475.
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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.