244 EDINBURGH STREET, London North (north N), ON N6H1M3
See all 44 photos
244 EDINBURGH STREET, London North (north N), ON N6H1M3
244 EDINBURGH STREET, London North (north N), ON N6H1M3
244 EDINBURGH STREET, London North (north N), ON N6H1M3
244 EDINBURGH STREET, London North (north N), ON N6H1M3
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Ana Maria Cloney

Ana Maria Cloney

+1(506) 899-2478
$ 459,999
Est. payment /mo
Save
New

244 EDINBURGH STREET London North (north N), ON N6H1M3

5 Beds

2 Baths

700 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700 - 1100

Square Footage 700 sqft

Price per Sqft $657

Subdivision North N

MLS® Listing ID X13723076

Style Bungalow

Bedrooms 5

Property Sub-Type Freehold

Property 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:24570)

Location

State ON

Rooms

Kitchen 1.0

Extra Room 1 Lower level 2.39 m X 4.09 m Bedroom 2

Extra Room 2 Lower level 2.54 m X 2.95 m Bedroom 3

Extra Room 3 Lower level 2.49 m X 3.45 m Bedroom 4

Extra Room 4 Lower level 3.81 m X 3.25 m Utility room

Extra Room 5 Main level 3.3 m X 5.97 m Living room

Extra Room 6 Main level 2.97 m X 2.36 m Kitchen

Interior

Heating Forced air

Cooling Central air conditioning, Ventilation system

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Story 1

Sewer Sanitary sewer

Architectural Style Bungalow

Others

Ownership Freehold

Powered by: REALTOR.ca
Listed by CENTURY 21 FIRST CANADIAN CORP
Ana Maria Cloney

Ana Maria Cloney

Agent

+1(506) 899-2478

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from Ana Maria Cloney, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Go tour this home

244 EDINBURGH STREET