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Investment signal

$499,000

39 RUSSELL

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Beds

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Baths

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Sqft

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Year

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Type

Multi-family

Suite

Investment signal

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Location 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.

About this home

Turnkey Legal Duplex in the Heart of Leamington! Fantastic investment opportunity or ideal multi-generational home at 39 Russell Street! This well-maintained legal duplex features two fully self-contained units, each offering comfortable living space and excellent income potential. The main floor unit boasts 3 spacious bedrooms and 2 full bathrooms, complete with an updated kitchen, bright living/dining areas, and in-suite laundry. The upper unit offers 2 bedrooms and 1 bathroom, also featuring its own kitchen, living space, and private. Both units are thoughtfully laid out, making this a strong option for investors or owner-occupants looking to offset their mortgage. Situated on a generous lot with parking for 5 vehicles, this property is conveniently located close to schools, shopping, and all amenities in growing Leamington. (id:65958)

Subtype: Multi-family
Structure: Duplex
Common interest: Freehold
Lot dimensions: 59 FT X 131.50 FT
Stories: 2
On market: Apr 21, 2026
Status changed: Apr 21, 2026
Zoning: R2
Photos: 28
MLS#: 26008791
Area: LEAMINGTON

Features and systems

Parking

Other

Heating

Forced airNatural gasFurnace

Flooring

HardwoodLaminateCeramic/Porcelain

Foundation

BlockConcrete

Negative cash flow ~$580/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.98%

Cap rate

3.47%

GRM

16.6

Break-even rent

$3,111

Financing

Down payment$99,800

Loan amount$399,200

Mortgage$2,023/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$229

Insurance$80

Maintenance$416

CapEx reserve$208

Vacancy loss$125

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.

Mortgage estimate

Estimated $2,023/mo at 4.5% with 20% down, 30-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 21, 2026.