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
- MLS®
- X13723076
- Days on Market
- 14
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family
- Bedrooms
- 5
- Bathrooms
- 2
- Lot Size Dimensions
- 33 x 127 FT
- Subdivision
- 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
- Ownership
- Freehold
- Subdivision
- North N
- Parking Spaces
- 4
- Cooling
- Central air conditioning, Ventilation system
- Country
- Canada
- Sewer
- Sanitary sewer
- Heating
- Forced air, Natural gas
- Lot Features
- Carpet Free
- Architectural Style
- Bungalow
- Stories
- 1
