244 Edinburgh Street, London North, ON N6H 1M3
London North, ON, N6H 1M3 · North N
About this property
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 & Amenities
- Basement: Full, Finished
- Garage: None
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: Bungalow
- Construction: Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Detached |
| Architectural Style | Bungalow |
| Bedrooms | 5 |
| Bathrooms | 2 |
| Basement | Full, Finished |
| Garage | None |
| Parking Spaces | 4 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $3,229 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Ventilation System, Water Heater, Water Heater Owned, Water Meter
Exterior Features
- Exterior Features
- Patio
- Pool Features
- None
Building & Construction
- Architectural Style
- Bungalow
- Construction Materials
- Vinyl Siding
- Foundation Details
- Concrete
- Roof
- Metal
- Basement
- Full, Finished
- Approximate Age
- 51-99
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 4
- Parking Total
- 4.00
- Parking Features
- Private Double
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 127.02
- Lot Width
- 33.00
Financial & Tax
- Tax Annual Amount
- $3,229
- Tax Year
- 2026
- Tax Assessed Value
- $187,000
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 4
- Rooms Below Grade
- 3
- Kitchens Above Grade
- 1
- Kitchens Total
- 1
- Bedrooms Above Grade
- 2
- Bedrooms Below Grade
- 3
Additional Details
- Occupant Type
- Vacant
- Direction Faces
- South
- County Or Parish
- Middlesex
- Cross Street
- Riverside Dr
- Directions
- Take Riverside Dr, turn right onto Woodward Ave, turn left onto Edinburgh St, property will be on the left.
- Special Designation
- Unknown
- Showing Requirements
- Showing System, List Salesperson
Location
244 Edinburgh Street, London North, ON N6H 1M3, London North, ON, N6H 1M3