5 Beds 3 Bath

40 SUMMIT Avenue 102, London North, ON N6H 4S3

London North N6H 4S3 Ontario

MLS: X12341981

$514,900

Added 27 days ago | For Sale

Listed by: TEAM GLASSER REAL ESTATE BROKERAGE INC.

About Property

Welcome to this updated 5-bedroom, 2.5-bath townhouse in North London. 102-40 Summit Ave is a prime opportunity for investors, students, or families seeking a flexible, low-maintenance lifestyle in a highly connected location. Boasting a projected 7.34% cap rate and potential rental income of $3,750/month, this property offers exceptional returns in one of the city's strongest rental markets. Inside, the bright open-concept main floor creates an inviting space for gathering and entertaining. The kitchen, filled with natural light, flows seamlessly into the living area with its durable LVP flooring which is ideal for high-traffic use. Upstairs, the large primary bedroom with double closets provides ample storage, while the additional bedrooms are well-sized and functional. The fully finished lower level adds even more value with two generous bedrooms, a full bathroom, and laundry facilities; perfect for maximizing rental potential or accommodating extended family. Outside, a private patio backs onto mature trees and green space, creating a peaceful retreat to relax or study. With thoughtful updates and a layout ideal for shared living, this turnkey property could deliver both immediate cash flow and long-term appreciation potential. The well-maintained complex is within walking distance to Cherryhill Mall, grocery stores, and parks, with quick access to Western University and all the amenities the area is known for. Opportunities like this don't last! Add a high-performing asset to your portfolio or move into a perfect family home today!

Features

  • House Style:Condo Townhouse
  • Bathrooms:3
  • Land Size:
  • Water:
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Electric
  • Cross Street:Oxford St W/ Summit Ave
  • Basement:Finished , Finished
  • Possession Date:Immediate
  • Annual Property taxes: $3713
  • Bedrooms:5
  • Total Parking Spaces:1
  • Parking Places:1
  • Heating Type:Baseboard
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12341981

Level Type Features Dimensions
Main Living Room 18 ft, 8 in x 11 ft, 1 in
Dining Room 11 ft, 3 in x 8 ft, 4 in
Kitchen 10 ft, 2 in x 8 ft
Foyer 8 ft, 2 in x 5 ft, 2 in
Bathroom 6 ft, 9 in x 2 ft, 11 in
Second Primary Bedroom Double Closet 10 ft x 13 ft, 6 in
Bedroom Closet 11 ft, 3 in x 7 ft, 10 in
Bedroom 2 Closet 11 ft, 5 in x 8 ft
Bathroom 4 ft, 10 in x 7 ft, 8 in
Basement Bedroom 3 Closet 10 ft, 10 in x 16 ft, 1 in
Bedroom 4 13 ft x 7 ft, 2 in
Laundry 7 ft, 4 in x 7 ft, 8 in
Bathroom 5 ft, 3 in x 5 ft, 9 in

No property rooms available.

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