High-resolution X-ray imaging data obtained with ROSAT is used to cons
train the nature of the central compact source in the supernova remnan
t G27.4 + 0.0. Diffuse emission is seen from throughout the approximat
ely 4' diameter radio shell, while the central source remains unresolv
ed at approximately 3''. We combine archival data from the Einstein HR
I, IPC, and MPC with the ROSAT HRI data to define the X-ray spectra of
the diffuse and point-like emission. The bulk of the shell radiation
is consistent with that of a approximately 10(7) K plasma, although a
higher temperature component is also suggested by the data; coupled wi
th the remnant's size and distance, we derive an age of between 500 an
d 2500 yr. The point source has a substantially harder spectrum, with
a power-law photon index less-than-or-similar-to 1. A search for perio
dic modulation from the point source yields upper limits ranging from
10%-35% for periods between 0.025 and 1000 s, depending on the assumed
pulse shape. No aperiodic variability on timescales of from 10(3) to
10(8) s is required, although a factor of approximately 2 change betwe
en the Einstein and ROSAT eras is possible. We show that the point sou
rce cannot represent thermal emission from the surface of a young neut
ron star and is unlikely to be explained as nonthermal, Crab-like X-ra
y pulses or a small synchrotron nebula. The most likely models involve
accretion-powered systems-either a wind-fed neutron star with a massi
ve companion or a low-mass X-ray binary. In all probability, this is t
he youngest X-ray binary in the Galaxy.