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Investment signal

$739,000

198 ROBSON ROAD

Beds

Baths

2.1

Sqft

—

Year

—

Location

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About this home

Welcome to your dream waterfront retreat on scenic Robson Road in Leamington! This lakefront property on Lake Erie offers breathtaking water views and a peaceful, relaxing setting perfect for year-round living or a weekend escape . Situated on a large, deep lot, this home features 3 s bedrooms and 1.5 bathrooms, providing plenty of room for family . Enjoy your morning coffee or evening sunsets from the private patio or unwind in the bright sunroom overlooking the water - your own personal sanctuary. The solid breakwall adds peace of mind, while the unbeatable location puts you within walking distance to the marina, golf course, parks, and beautiful beaches. Whether you're looking for a serene personal getaway or a fantastic investment opportunity for Airbnb or short-term rentals, this property checks all the boxes. (id:65958)

Subtype: Single Family
Structure: House
Common interest: Freehold
Lot dimensions: 50.22 X IRREGULAR FT
Bedrooms: 3 above grade, 0 below grade
Stories: 2
On market: Apr 7, 2026
Status changed: Apr 16, 2026
Zoning: RES
Photos: 43
MLS#: 26007268
Area: LEAMINGTON

Features and systems

Parking

Attached GarageGarageInside Entry

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Forced airNatural gasFurnace

Cooling

Central air conditioning

Exterior

Aluminum/Vinyl

Flooring

ParquetCarpetedCeramic/Porcelain

Foundation

Concrete

Lot

Double width or more drivewayPaved driveway

Waterfront

Negative cash flow ~$1,454/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.81%

Cap rate

3.53%

GRM

16.6

Break-even rent

$5,231

Financing

Down payment$147,800

Loan amount$591,200

Mortgage$3,627/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$339

Insurance$80

Maintenance$616

CapEx reserve$308

Vacancy loss$185

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Leamington. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,627/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.