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$ 459,999
Est. payment | /mo
5 Beds
2 Baths
$ 459,999
Est. payment | /mo
5 Beds
2 Baths
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision North N
MLS Listing ID X13723076
Style Bungalow
Bedrooms 5
Annual Tax Amount $3,229
Tax Year 2026
Property Sub-Type Detached
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.
Location
Province ON
County Middlesex
Area Middlesex
Zoning R1-7
Rooms
Basement Full, Finished
Kitchen 1
Interior
Interior Features Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Ventilation System, Water Heater, Water Heater Owned, Water Meter
Cooling Central Air
Inclusions Fridge, Stove, Washer & Dryer
Exterior
Exterior Feature Patio
Parking Features None
Pool None
Roof Type Metal
Total Parking Spaces 4
Building
Building Age 51-99
Foundation Concrete
Lited by CENTURY 21 FIRST CANADIAN CORP
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