$459,999
SaleListed 1 month ago
244 Edinburgh Street, London North, ON N6H 1M3
DetachedNorth N, London North, N6H 1M3· MLS® X13723076
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.
Key facts
- Property type
- Detached
- Parking
- 4
- MLS®
- X13723076
- Basement
- Full, Finished
- Lot size
- 33 × 127.02
- Taxes
- $3,229/yr
- Approx. age
- 51-99
- Bedrooms
- 5
- Bathrooms
- 2
- Kitchens
- 1
- Basement
- Full, Finished
- Heating
- Forced Air
- Cooling
- Central Air
Mortgage calculator
Total cost of mortgage
$660,917
Estimated monthly
$2,203/mo
Estimates only, for illustration. Rates and terms vary by lender; confirm with a licensed mortgage professional. Listing courtesy of CENTURY 21 FIRST CANADIAN CORP.
See the sold history
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Unlock sold dataListing courtesy of CENTURY 21 FIRST CANADIAN CORP. Data last updated Aug 28, 2026. Provided by Toronto Regional Real Estate Board (TRREB) via PropTx MLS® for personal, non-commercial use; deemed reliable but not guaranteed.
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