$1,198,000 FOR SALE

Investment

Lot: 64 x 73 ftTotal Area: 2,842 ft2
2023 Taxes: $5,391.7

337 Boler Rd
London, ON N6K 2K4 | South B | Middlesex

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.

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Listed By EXP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9054135
Last Updated Sep 03, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
PIN 084130309
Occupancy Partial
Possession Date Flexible
Taxes (2023) $5,391.7
Tax Type Annual
Assessment (2023) $369,000
Directions/Cross Streets 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
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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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