244 Edinburgh Street, London North (North N), Ontario N6H1M3
Listing courtesy of CENTURY 21 FIRST CANADIAN CORP.
- $459,999
- 5
- BD
- 2
- BA
- List Price
- $459,999
- Status
- ACTIVE
- Days on Market
- 61
- MLS® #
- LondonandStThomasAssociationofREALTORS-X13723076
- Style
- Bungalow
- Architectural Style
- Bungalow
- Bedrooms
- 5
- Bathrooms
- 2
- Subdivision
- North N
- Neighborhood
- North N
- MLS Area Major
- North N
Property 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. (id:5764)
Additional Information
- Exterior Features
- Vinyl siding
- Taxes
- $3,229
- Community Features
- North N
- Property Description
- Bungalow
- Appliances
- Washer, Refrigerator, Water meter, Stove, Dryer, Water Heater
- Heating
- Forced air, Natural gas
- Air Conditioning
- Central air conditioning, Ventilation system
- Stories
- 1
- Foundation
- Concrete
- Parking Features
- No Garage
