For Sale: 244 Edinburgh Street, London, ON - REW
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$459,999
5 bd • 2 ba • 700 - 1099 sf • House
244 Edinburgh Street
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$459,999
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244 Edinburgh StreetLondon, ON, N6H 1M3

West London
  • 5 Bed
  • 2 Bath
  • 700 - 1099 Sqft
  • House

About this home

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:63626)
Listed by: RAEANNE MUIR, Broker, CENTURY 21 FIRST CANADIAN CORP

Home facts and features

Price details
List Price
$459,999
Get Pre-Approved
Gross Taxes for 2025
$3,229
Home facts
Bedrooms
5
Full Bathrooms
2
Parking Spaces
4
Parking Details
No Garage
Property Type
House
Depth
127 feet
Frontage
33.0 feet
Title
Freehold
Style
Bungalow
Exterior Finish
Vinyl siding
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning, Ventilation system
Basement Details
Finished, Full
Features
Carpet Free
Appliances
Dryer, Refrigerator, Stove, Washer, Water Heater, Water meter
Community
Agent details
Primary Agent
Primary Broker
CENTURY 21 FIRST CANADIAN CORP
Listing details
Days on REW
1 Day
MLS® Number
X13723076
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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25 Years
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Property Insights

Eagle Heights Public School
  • Public
  • JK - 8
Jeanne-Sauvé Public School
  • Public
  • K - 8
University Heights Public School
  • Public
  • JK - 8
Victoria Public School
  • Public
  • JK - 8
Kensal Park Public School
  • Public
  • K - 8
St Thomas More School
  • Catholic
  • JK - 8
London Central Secondary School
  • Public
  • 9 - 12
St Georges Public School
  • Public
  • JK - 8
St Martin School
  • Catholic
  • JK - 8
Notre Dame School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker
RAEANNE MUIR
Phone:
(519) 673-3390
Cell:
519-639-3585
Office:
519-673-3390
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