244 Edinburgh Street.
London North (north N), ON $459,999

bed
5 Bedrooms

shower
2 Bathrooms

square_foot
700 SQ/FT

house_siding
1 Stories

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:58067)

MLS # :

X13723076

City :

London North (north N)

Property Type :

Single Family

Style :

Bungalow House

Title :

Freehold

Basement :

Full (Finished)

Parking :

No Garage

Lot Size :

33 ft x 127 ft

Lot Area :

33 x 127 FT|under 1/2 acre

Heating/Cooling :

Forced air Natural gas / Central air conditioning, Ventilation system

Days on Market :

8 days