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244 Edinburgh St, London, ON

Name: 244 Edinburgh St, For Sale in London - eXp Realty
Brand: CENTURY 21 FIRST CANADIAN CORP
SKU: X13723076
Price: 459999 CAD

House

For Sale

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524

MLS® X13723076

Property Details
Rooms
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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. (id:58753)Show Description

Key Facts

Type Single Family Residence

Levels Residential

Size -

Garage Yes

Taxes $3,229

Days Active 2

MLS® Number X13723076

Central VacNo

FireplaceNo

GarageYes

BasementFinished, Full

DrivewayNo Garage

HeatForced air, Natural gas

A/CCentral air conditioning, Ventilation system

Additional Information

Siding Vinyl Siding

Sewage System Other

Landscaping Carpet Free

Price History

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

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Home Appraisal

This property is estimated to sell between: $459,000 and $757,000.

Similar properties in this area sold on average for: $657,410

Expected to sell in 41 days. Similar properties sold in 43 days. This home has been on eXp Realty for 2 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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