Address
244 Edinburgh Street, London North, ON
Price
$ 459,999

Your Agent

Tim Tavares

Sales Representative

519-498-9117


Listing provided by Tim Tavares, Sales Representative, REMAX Real Estate Centre Inc

Property Attributes
  • MLS#X13723076
  • TypeSingle Family
  • Listing Status New
  • CityLondon North
  • AreaNorth N
  • NeighbourhoodNorth N
  • Postal CodeN6H 1M3
  • StyleBungalow
  • Taxes$ 3229
  • Price$ 459,999
  • Bedrooms5
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage700-1100
  • Lot Size0.25 Acres
Data Source:
Toronto Real Estate Board (TRREB)
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.

Price History
8/28/2026 Listed $459,999

General Features

Sewer Sewer
Cooling Central Air
Roof Metal
Architectural Style Bungalow
Pool Features None
Construction Materials Vinyl Siding
Heater Type Forced Air
Parking Spaces 4
Property Subtype Detached
Tax Year 2026
Lot Depth 127.02
County Middlesex
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction South
Garage Y/N No
Status New
City London North
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 3229.0
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 187000
Legal Description LOT 294,PLAN 434 LONDON CITY OF LONDON

Interior Features

Interior Amenities Carpet Free,In-Law Capability,Primary Bedroom - Main Floor,Ventilation System,Water Heater,Water Heater Owned,Water Meter
Basement Full,Finished
Heat Source Gas
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 5
Elevator? No
Total Baths 2
Bedrooms 2+3
Living Area Range 700-1100

Exterior Features

Exterior Amenities Patio
Parking Features Private Double
Total Parking 4.0
Garage Type None
Foundation Details Concrete
Spa No
Lot Size Source MPAC
Waterfront Y/N No
Covered Spaces 0.0

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in N6H 1M3

Price
AVG $550K
$460K
Visits
AVG 74
47
Data Provided by Inside Real Estate®

Your Agent

Tim Tavares

Sales Representative

519-498-9117


Listing provided by Tim Tavares, Sales Representative, REMAX Real Estate Centre Inc

Listed By
CENTURY 21 FIRST CANADIAN CORP