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Eric Cassidy

eric@cassidyrealestate.ca +1(519) 871-4536

Est. payment -/mo

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244 Edinburgh ST London North, ON N6H 1M3

2 Beds

2 Baths

UPDATED:

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 2

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

Family Room No

Basement Full, Finished

Kitchen 1

Separate Den/Office 3

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 Private Double

Pool None

Roof Type Metal

Lot Frontage 33.0

Lot Depth 127.02

Total Parking Spaces 4

Building

Building Age 51-99

Foundation Concrete

Others

Senior Community No

ParcelsYN No

Listed by CENTURY 21 FIRST CANADIAN CORP

GET MORE INFORMATION

+1(519) 871-4536

eric@cassidyrealestate.ca

https://www.cassidyrealestate.ca

145 Wharncliffe Rd S, London, ON N6J 2K4, CAN