244 Edinburgh Street,London North (North N), ON N6H1M3
London North (North N), ON N6H1M3
Description
INVESTORS, RUN THE NUMBERS ON THIS ONE. Offered at $459,999, 244 Edinburgh has 5 bedrooms with potential rents of approximately $750 per room, putting potential gross rental income at $3,750 per month or $45,000 per year.For an investor looking for a student rental, the combination of price, bedroom count and location makes this one worth a serious look. With Western students as a natural tenant pool and convenient access to transit and everyday amenities, the property is well positioned for the student rental market.It's also an interesting option for parents with a child attending Western. Instead of paying rent for the next several years, consider owning the property, giving your student a place to live and renting the remaining bedrooms to help offset the carrying costs.At the asking price, the projected $45,000 in annual gross rent represents approximately a 9.8% gross yield before expenses.Five bedrooms. $3,750 in potential monthly rent. $459,999 asking price.If you've been looking for a London investment property where the numbers actually give you something to work with, 244 Edinburgh is it. (id:13843)
Details
| MLS # | X13723076 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 66 |
| Listing Provided By | CENTURY 21 FIRST CANADIAN CORP | RAEANNE MUIR |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 700 |
| Basement | Y |
| Story(s) | 1 |
| Zoning | R1-7 |
Interior
| Cooling | Central air conditioning, Ventilation system |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Washer, Refrigerator, Water meter, Stove, Dryer, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Carpet Free |
|---|---|
| Foundation Details | Concrete |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 4 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 3229 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | London North (North N) |
| Postal Code | N6H1M3 |
| Listing VS Median (in N6H1M3) | |
Price: $459,999 low | high Med: $459,999 sqft: 700 low | high Med: 700 $ / sqft: $657 low | high Med: $657 On site: 66 low | high Med: 66 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | London North (North N) |
| Postal Code | N6H1M3 |
| Listing VS Median (in N6H1M3) | |
Price: $459,999 low | high Med: $459,999 sqft: 700 low | high Med: 700 $ / sqft: $657 low | high Med: $657 On site: 66 low | high Med: 66 | |
