337 Boler Road London, Ontario N6K 2K4
$1,198,000
Offering impresssive assumable financing of full exitisting mortgage which would be over 85% of the asking price with a fixed interest rate at 4.285% with 50 year ammortization and term maturity on July 1st, 2024. This allows this asset to run at at approximately a 10% cash on cash return with utulizing actual and CMHC values; amounting to over $1500 in positive cashflow monthly after all expenses and mortgage expense paid (Over $18,000 annual postive cashflow after expenses and mortgage paid). This unique and rare offering boasts the only legal sixplex in all of Byron, one of London's premiere neighbourhoods. Featuring a projected rental income of up to $100,000 per annum; with oppurtunity to add value with the placement of newtenants (and the option to seperately meter the hydro). The prestigious location makes this property an ideal candidate to attract high quality working professional tenants, especially with each unit having its own dedicated parkinginclusive with one to spare; featuring a total of seven seperate spots (in both the front and rear of the property). This property was recently renovated fullytop to bottom: with all new bathrooms, modern bespoke and retrofitted kitchens ,new flooring throughout, modern interior and exterior paint, updated exterior,new metal roof on the front portion, new high efficiency windows, updated plumbing, and a full electrical house rewire including a new 300 amp service &panels, coin laundry attachments, an owned tankless on demand hot water heater,and includes six gas fireplaces (one per unit) installed as primary heat sourcewith newer electric baseboard heaters (as secondary backup heat sources). The prime location of this property has it situated in direct proximity to public transit, a grocery store, banking, restaurants, coffee shops, a gym, clinics andin walking distance to a drug store, nature spaces, trails and parks including the pride of London's park system, Springbank Park. (id:59646)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X9054135 |
| Property Type | Multi-family |
| Community Name | South B |
| Amenities Near By | Public Transit, Recreation |
| Features | Irregular Lot Size |
| Parking Space Total | 7 |
Building
| Bathroom Total | 6 |
| Appliances | Dryer, Range, Refrigerator, Stove, Washer |
| Heating Type | Baseboard Heaters |
| Size Interior | 2842 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit, Recreation |
| Size Depth | 73 Ft |
| Size Frontage | 64 Ft |
| Size Irregular | 64 X 73 Ft ; 64 X 73.53 X 60.69 X 8.34 X 8.34 X 58.76 |
| Size Total Text | 64 X 73 Ft ; 64 X 73.53 X 60.69 X 8.34 X 8.34 X 58.76 |
| Zoning Description | R6-4(11) |
https://www.realtor.ca/real-estate/27213390/337-boler-road-london-south-b
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 06 2024 12:24:19
London and St. Thomas Association of REALTORS®
Exp Realty
