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Home ON Greater London London Byron
337 BOLER ROAD
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337 BOLER ROAD $1,198,000
$1,198,000
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337 BOLER ROAD
London, Ontario N6K2K4

MLS® Number: X9054135
6
Bathrooms
2842
Square Feet

Listing Description

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. (36267525)

Location Description

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

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Square Footage
2842 sqft
Community Name
South B
Land Size
64 x 73 FT ; 64 x 73.53 x 60.69 x 8.34 x 8.34 x 58.76
Annual Property Taxes
$5,391.70
Total Parking Spaces
7
Time on REALTOR.ca
67 days

Building

Bathrooms
Total
6
Interior Features
Appliances Included
Dryer, Range, Refrigerator, Stove, Washer
Building Features
Features
Irregular lot size
Heating & Cooling
Heating Type
Baseboard heaters
Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)
Neighbourhood Features
Amenities Nearby
Public Transit, Recreation
Parking
Total Parking Spaces
7

Measurements

Square Footage
2842 sqft

Land

Lot Features
Frontage
64 ft
Land Depth
73 ft
Other Property Information
Zoning Description
R6-4(11)
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3

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