244 Edinburgh Street · London, N6H 1M3
MLS® X13723076
Listed Aug 28, 2026
Listing courtesy of Century 21 First Canadian Corp·Listing last changed Aug 28
Key facts
- Property type
- Detached
- Square footage
- 700-1100 sqft
- Lot size
- 33 × 127.02 ft · < .50 acres
- Age
- 51-99 years
- Parking
- 4 spaces
- Property tax
- $3,229/yr (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
Interior
- Size
- 700-1100 sqft
- Bedrooms
- 2 above grade, 3 lower level
- Rooms
- 4 rooms
- Bathrooms
- 1 × 4-piece on Main, 1 × 3-piece on Lower
- Basement
- Full, Finished
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, Bungalow
- Age
- 51-99 years
- Lot size
- 33 × 127.02 ft · < .50 acres
- Exterior
- Vinyl Siding
- Foundation
- Concrete
- Roof
- Metal
- Water & sewer
- Sewer
Parking
- Driveway
- Private Double (4 spaces)
- Parking
- 4 spaces
Fees & taxes
- 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
Estimated value range
$437K–$483K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Location & neighbourhood
DirectionsLondon North, ON
Small historic neighbourhood along the Thames River west of downtown with heritage homes.
Schools nearbyclosest is Eagle Heights Public School, 340 m
Elementary
- 6.0
Eagle Heights Public School
340 m · Grades JK-8
Thames Valley District School Board
- 7.1
Jeanne-Sauvé Public School
850 m · Grades JK-8
Thames Valley District School Board
- 7.8
University Heights Public School
1.4 km · Grades JK-8
Thames Valley District School Board
Secondary
- 8.0
London Central Secondary School
2.2 km · Grades 9-12
Thames Valley District School Board
- 5.7
Catholic Central High School
2.7 km · Grades 9-12
London District Catholic School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $2,770/mo all in
Monthly payment estimate
Land transfer tax$5,675 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
Sold49 Euclid Avenue, London South
Sold126 Sydenham Street, London East
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBlackfriars · last 90 days
Avg. sold price
$572,782
Sale-to-list ratio
95.6%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $114,000 household income
Minimum household income required
$114,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Rental market$1,895/mo median for 2 bed nearby
$1,895/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 65 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
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Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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