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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  50 day

    AI Summary *

    • Great investment potential with 5 bedrooms and strong rental income.
    • Estimated monthly rent of $3,750 makes it attractive for investors.
    • Close to Western University, appealing to student tenants.
    • Convenient access to transit and nearby amenities.
    • Offers a solid gross yield of approximately 9.8% before expenses.




    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

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    Listing Brokerage: CENTURY 21 FIRST CANADIAN CORP

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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