40 SUMMIT Avenue

London North, ON N6H 4S3 ( North N)

Quick Facts

Type: Condo Townhouse

Style: 2-Storey

Size: Sq Ft

Age: 2024 Years

Maintenance: $ 350

Pets: Restricted

Taxes: $ 3,713 ( 2024)

Updated: 2025-09-21 07:27:56

Description

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!

Extras

Condo Townhouse

Property

Status: For Sale

MLS #: X12341981

Price: $ 514,900

Address: 40 SUMMIT Avenue

Type: Condo Townhouse

Style: 2-Storey

Size: Sq Ft

Age: 2024 Years

Taxes: $ 3,713

Tax Year: 2024

Maintenance: $ 350

Pets: Restricted

Neighbourhood: North N

Nearest Intersection: Oxford St W/ Summit Ave

City: London North

Postal Code: N6H 4S3

DOM: 4 Hours

Last Update: 2025-09-21 07:27:56

 

Building

Interior

Bedrooms: 5

Bathrooms: 3

Rooms: 11

Kitchens: 1

Balcony:

Exposure:

Ensuite Laundry: In-Suite Laundry

Family Room:

Fireplace:

Basement: Finished,

Central Vacuum: 0

 

Exterior

Exterior: Patio,

Garage: Surface Reserved/Assigned

Parking Spaces: 1.00

Locker: None

Amenities

 

Condo

Condo Corporation: LCC

Corporation Number: 60

 

Utilities

Heat Type: Baseboard

Heat Source: Electric

Air Conditioning: None

Condo Taxes Included:

Building Insurance Included:

Cable TV Included:

Central A/C Included:

Common Elements Included:

Heat Included:

Hydro Included:

Parking Included:

Water Included:

 

Features

 

Rooms