244 EDINBURGH STREET, London North (North N)
$459,999
For sale: Detached
- Property type
- Detached
- Bedrooms / bathrooms
- 5 bedrooms, 2 bathrooms
- Living area
- 1,100 sqft
- MLS®
- MLS® X13723076
- Neighbourhood
- North N
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.
Sold data
Detached homes in London North (North N) — recent sold market
Detached homes in London North (North N) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 45, across 783 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 44 days.
The median sale price was $639,900.
Homes sold for about 2.7% below asking on average, so there was room to negotiate.
About 15% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
- Median days to sell
- 25
- Median sale price
- $639,900
- Sale-to-list ratio
- 97.3%
- Sold above asking
- 15%
Based on 783 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in London North (North N)
London North (North N) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
- Rated schools
- 116
- Elementary
- 97
- Secondary
- 19
- Average rating
- 5.5 / 10
Top-rated schools in London North (North N)
- John Dearness — elementary, LondonFraser rating 9.8/10
- St George — elementary, LondonFraser rating 9.1/10
- Jack Chambers — elementary, LondonFraser rating 8.8/10
- Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
- London Central — secondary, LondonFraser rating 8.7/10
- Ryerson — elementary, LondonFraser rating 8.7/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 244 EDINBURGH STREET
$499,900
Detached5+22700–1,100 sqft20 BARRINGTON AVENUE, North N, London North
$469,900
Detached5+221,500–2,000 sqft791 QUEBEC STREET, East G, London East
$499,900
Detached5+22700–1,100 sqft61 GODFREY DRIVE, East D, London East
$499,900
Detached5+22700–1,100 sqft110 MURIEL CRESCENT, South X, London South
$429,900
Detached32700–1,100 sqft83 CONFEDERATION DRIVE, St. Thomas, St. Thomas
$424,900
Detached32700–1,100 sqft872 LOVETT STREET, East L, London East
$545,000
Detached5+221,100–1,500 sqft25 UPCOTT CRESCENT, South Y, London South
$445,000
Detached321,100–1,500 sqft764 KING STREET, East L, London East