244 Edinburgh Street
London North, N6H 1M3·MLS® X13723076
Listing courtesy of Century 21 First Canadian Corp·Updated yesterday
Listing price
$459,999
Est. $2,191/mo
Days on market
Listed Aug 28, 2026
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.
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Property details
- Type
- Detached — Bungalow
- Age
- 51-99 years
- Lot size
- 33 × 127.02 ft · < .50 acres
- Interior
- 700-1100 sqft
- Rooms
- 4 rooms
- Bathrooms
- 1 × 4-piece on Main, 1 × 3-piece on Lower
- Basement
- Full, Finished
- Heating
- Forced Air
- Cooling
- Central Air
- Exterior
- Vinyl Siding
- Foundation
- Concrete
- Roof
- Metal
- Water & sewer
- Sewer
- Driveway
- Private Double (4 spaces)
- Parking
- 4 spaces
- Property tax
- $3,229/yr (2026)
Rooms
Main
- Bedroom
- 2.77 × 2.9 m
- Living Room
- 3.3 × 5.97 m
- Primary Bedroom
- 3.3 × 3.94 m
- Kitchen
- 2.97 × 2.36 m
Lower
- Bedroom 2
- 2.39 × 4.09 m
- Bedroom 3
- 2.54 × 2.95 m
- Bedroom 4
- 2.49 × 3.45 m
- Utility Room — Combined w/Laundry
- 3.81 × 3.25 m
AI property estimate
Automated estimate from recent comparable sales — not a formal appraisal, and not a statement that this listing is priced incorrectly.
72% confidence · 40 sold homes within 2 km, by price per sq ft
Location & neighbourhood
Monthly paymentMortgage, tax and fees
Monthly payment estimate
Land transfer taxOne-time, on closing
Ontario LTT
$5,675
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Aug 28, 2026
Sold comparables nearby
Sold$665,000
33 Braemar Crescent, London North
Sold$634,500
23 Brimley Court, London North
See what these 6 homes sold for
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Market conditionsLondon North · last 90 days
Avg. sold price
$568,033
Sale-to-list ratio
97.1%
Based on 6 recent comparable sales near this home.
AffordabilityWhat income this home needs
Minimum household income required
$113,820
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Not sure about financing? Ask Colin →Similar Listings
AI estimate
$394,404
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
519-859-4579 · colin@searchlondonhomes.com
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