337 Boler Rd

London | South B | N6K 2K4
  • 2842.0 sqft
  • 0 gar

Ask: $1,199,000 $1,198,000

Est. Mtg $4,062 /mo
  • Days on market

    70

  • Status

    A

Listing Broker EXP REALTY
Since listed: 1 views

Home details

MLS #:

X9054135

Property type:
Investment
Style:
Taxes:
$5,392
Possession:
Flexible
Condo Fee:
0.0
Lot Size:
64.0 X 73.0
Zoning:
R6-4(11)
Use:
Apts-6 To 12 Units
Heat:
Baseboard

Description


337 Boler Rd, , London, Ontario is a Investment property in London and in the South B community in the N6K 2K4 postal code


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..

Extras

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Payment calculator

$4511 monthly. In association with: TD Bank
%
  • Principal and Interest
    4062 /mo
  • Property Taxes
    $449 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Mimmo Galatti, Realtor

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