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.
Main Intersection: Boler Rd & Commissioners Rd W; Head North or South on Commissioners Rd W and then South on Boler Rd OR Head North of South on Southdale Rd and North on Boler Rd; Property on North Side near Commissioners Rd W
Neighbourhood
South B
Area
Middlesex
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
Y
Bathrooms
6
Lot
64 x 73 ft
Lot Irregularities
64 x 73.53 x 60.69 x 8.34 x 8.34 x 58.76
Total Area
2,842 ft2
Air Conditioning
N
Basement
Y
Chattels
Y
Garage Type
None
Parking Spaces
7
Heat Type
Baseboard
Financial Statement
Y
Gross Income/Sales
$98,738
Water Expense
$671
Other Expenses
$479
Year Expenses
$2,023
Expenses Actual/Estimated
Act
Outside Storage
N
Area Influences
Public Transit, Rec Centre
Sprinklers
Y
Sewers
San+Storm
Utilities
Y
Water
Municipal
Crane
N
Survey
N
Lot/Bldg/Unit Code
Lot
Zoning
R6-4(11)
Seller Property Info Statement
N
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