244 EDINBURGH STREET
London North (North N), Ontario
MLS® X13723076
$459,999
- Status
- Active
- Property type
- House
- MLS® number
- X13723076
- Bedrooms
- 5
- Bathrooms
- 2
- Year built
- —
1 / 44Listing 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.
Property summary
- MLS® number
- X13723076
- Property type
- Single Family
- Building type
- House
- Title
- Freehold
- Land size
- 33 x 127 FT
- Annual property taxes
- $3,229.00
- Parking
- 4 spaces · No Garage
- Days on market
- 5 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning, Ventilation system
- Basement
- Finished, Full
- Appliances
- Washer, Refrigerator, Water meter, Stove, Dryer, Water Heater
- Exterior features
- Vinyl siding
- Lot features
- Carpet Free
- Architectural style
- Bungalow
What would this home cost you?
Based on the $459,999 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of CENTURY 21 FIRST CANADIAN CORP, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.