244 Edinburgh Street, London North
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:1945)
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Property details for 244 Edinburgh Street, London North
- Type
- Residential
- Style
- Bungalow
- Bedrooms
- 5
- Bathrooms
- 2
- Lot Size
- 33 x 127 FT
- Stories
- 1
- Basement
- Finished, Full
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning, Ventilation system
- Exterior
- Vinyl siding
- Ownership
- Freehold
- Annual Taxes
- $3,229 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 244 Edinburgh Street
Active Listings
7
Min Price
$459,999
Max Price
$615,000
Avg Price
$536,243
Days on Market
38
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
London, Ontario
Population
595
Median Age
37.2
Median Income
$33,451
Dwelling Value
$240,123
Housing Tenure
Owners 60%
Renters 42%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.1
Pop. Density: 2,792.1/km²
Avg Shelter Cost: $930/mo
Owners with Mortgage: 52.9%
Owners Spending 30%+: 9.1%
Tenants Spending 30%+: 45.8%
English only: 91.6%
English and French: 6.7%
Neither: 1.7%
Median Household Income: $61,440
Median Employment Income: $30,507
Price History
Listed
August 28, 2026
by CENTURY 21 FIRST CANADIAN CORP
Current Price
$459,999
Type
Residential
For Sale