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
Homes in North N — recent sold market
Homes in North N took a median of 30 days to sell over the last 365 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 57, across 80 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 57 days.
The median sale price was $524,900.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
- Median days to sell
- 30
- Median sale price
- $524,900
- Sale-to-list ratio
- 96.8%
- Sold above asking
- 13%
Based on 80 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. 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
$524,900
Detached5+22700–1,100 sqft31 MOUNT PLEASANT AVENUE, North N, London North
$574,900
Detached521,100–1,500 sqft15 CHARLES STREET, North N, London North
$529,000
Detached5+22700–1,100 sqft134 MARK STREET, East D, London East
$615,000
Detached5+22700–1,100 sqft192 CONCORD ROAD, North I, London North
$459,900
Detached5+22700–1,100 sqft1229 EXMOUTH STREET, Sarnia, Sarnia
$569,900
Detached5+22700–1,100 sqft234 WEST STREET, Belmont, Central Elgin
$459,000
Detached4+22700–1,100 sqft434 EGERTON STREET, East M, London East
$455,000
Detached6+32700–1,100 sqft348 WINNIPEG BOULEVARD, East H, London East