About 244 Edinburgh Street
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.
Features of 244 Edinburgh Street
| MLS® # | X13723076 |
|---|---|
| Price | $459,999 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Square Footage | 700-1100 |
| Acres | 0.00 |
| Type | Residential Freehold |
| Sub-Type | Detached |
| Style | Bungalow |
| Status | Active |
Community Information
| Address | 244 Edinburgh Street |
|---|---|
| Area | Middlesex |
| Subdivision | North N |
| City | London North |
| Province | ON |
| Postal Code | N6H 1M3 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Basement | Full, Finished |
Exterior
| Exterior | Vinyl Siding |
|---|
Listing Details
| Office | CENTURY 21 FIRST CANADIAN CORP |
|---|