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244 EDINBURGH STREET, London North (North N)

5 BEDS · 2 BATHS · 700 - 1100 sqft

$459,999

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.

General Info


MLS Listing ID: X13723076 Bedrooms: 5 Bathrooms: 2 Year Built: 0
Listing Type: Single Family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Concrete Roof: N/A Title To Land: Freehold Parking Space Total: 4
Parking: No Garage Heating: Forced air Size: 700 - 1100 sqft Air Conditioning : Central air conditioning, Ventilation system
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: Full (Finished)
Water Supply: Municipal water Road Type: N/A Pool Type: N/A

Amenities/Features


  • Carpet Free

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