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244 Edinburgh St, London, ON

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

House

For Sale

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524

MLS® X13723076

Overview

Key Facts

Type Single Family Residence

Levels Residential

Size -

Garage Yes

Taxes $3,229

Days Active 2

Lot Size

Approx. Age

MLS® Number X13723076

Property Address: 244 Edinburgh St, London, ON, N6H1M3

Average square foot calculated using Size range provided by listing agent.

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

MLS® NumberX13723076

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age

BasementFinished, Full

DrivewayNo Garage

Garage Spaces

HeatForced air, Natural gas

A/CCentral air conditioning, Ventilation system

Extras

Rooms

Show Details

Master Bedroom:Main Floor3.94 × 3.3 ft

Utility Room:Lower Level3.25 × 3.81 ft

Bedroom 1:Main Floor2.9 × 2.77 ft

Bedroom 3:Lower Level2.95 × 2.54 ft

Bedroom 4:Lower Level3.45 × 2.49 ft

Living Room:Main Floor5.97 × 3.3 ft

Kitchen:Main Floor2.36 × 2.97 ft

Bedroom 2:Lower Level4.09 × 2.39 ft

How Much House Can I Afford?

Home Estimate Zoopraisal®

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 Zoocasa 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.

Map

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