244 Edinburgh Street, London North (North N), Ontario N6H 1M3 (30209918)
244 Edinburgh Street London North, Ontario N6H 1M3
$459,999
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:60297)
Property Details
| MLS® Number | X13723076 |
| Property Type | Single Family |
| Community Name | North N |
| Features | Carpet Free |
| ParkingSpaceTotal | 4 |
| Structure | Patio(s) |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 2 |
| BedroomsBelowGround | 3 |
| BedroomsTotal | 5 |
| Age | 51 To 99 Years |
| Appliances | Water Heater, Water Meter, Dryer, Stove, Washer, Refrigerator |
| ArchitecturalStyle | Bungalow |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning, Ventilation System |
| ExteriorFinish | Vinyl Siding |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 700 - 1100 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 127 Ft |
| SizeFrontage | 33 Ft |
| SizeIrregular | 33 X 127 Ft |
| SizeTotalText | 33 X 127 Ft|under 1/2 Acre |
| ZoningDescription | R1-7 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Bedroom 2 | 2.39 m | 4.09 m | 2.39 m x 4.09 m |
| Lower Level | Bedroom 3 | 2.54 m | 2.95 m | 2.54 m x 2.95 m |
| Lower Level | Bedroom 4 | 2.49 m | 3.45 m | 2.49 m x 3.45 m |
| Lower Level | Utility Room | 3.81 m | 3.25 m | 3.81 m x 3.25 m |
| Main Level | Living Room | 3.3 m | 5.97 m | 3.3 m x 5.97 m |
| Main Level | Kitchen | 2.97 m | 2.36 m | 2.97 m x 2.36 m |
| Main Level | Primary Bedroom | 3.3 m | 3.94 m | 3.3 m x 3.94 m |
| Main Level | Bedroom | 2.77 m | 2.9 m | 2.77 m x 2.9 m |
https://www.realtor.ca/real-estate/30209918/244-edinburgh-street-london-north-north-n-north-n
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Raeanne Muir
Broker
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August 28 2026 07:01:44
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