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    For Sale - 244 Edinburgh Street, London North, Ontario

    Est payment $2,209/mo
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    Views   1
    Time on Jump  1 days




    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.
    Listing IDX13723076
    Address244 Edinburgh Street
    CityLondon North, Ontario
    Price$459,999
    Bed / Bath5 / 2 Full
    StyleBungalow, Detached
    ConstructionVinyl Siding
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Ventilation System, Water Heater, Water Heater Owned, Water MeterOutdoor Features PatioOwnership FreeholdBasement Full, FinishedFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 4.00
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    Listing Agency:  CENTURY 21 FIRST CANADIAN CORP

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    244 Edinburgh Street
    London North , Ontario
    5 2 $459,999
    Get more info