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102 - 40 SUMMIT AVENUE
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102 - 40 SUMMIT AVENUE $514,900
$514,900
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102 - 40 SUMMIT AVENUE
London North (North N), Ontario N6H4S3

MLS® Number: X12341981
5
Bedrooms
3
Bathrooms
900 - 999
Square Feet

Listing 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! (41069223)

Location Description

Oxford St W/ Summit Ave

Property Summary

Property Type
Single Family
Building Type
Row / Townhouse
Storeys
2
Square Footage
900 - 999 sqft
Community Name
North N
Title
Condominium/Strata
Annual Property Taxes
$3,713
Parking Type
No Garage
Time on REALTOR.ca
36 days

Building

Bedrooms
Above Grade
5
Bathrooms
Total
3
Partial
1
Interior Features
Appliances Included
Water Heater
Basement Type
N/A (Finished)
Building Features
Features
Dry, In suite Laundry
Foundation Type
Concrete
Structures
Patio(s)
Heating & Cooling
Heating Type
Baseboard heaters (Electric)
Exterior Features
Exterior Finish
Aluminum siding, Brick
Neighbourhood Features
Community Features
Pet Restrictions
Amenities Nearby
Hospital, Place of Worship, Public Transit, Schools
Maintenance or Condo Information
Maintenance Fees
$350 Monthly
Maintenance Fees Include
Water, Insurance, Common Area Maintenance
Maintenance Management Company
Summit Property Management
Parking
Parking Type
No Garage
Total Parking Spaces
1

Measurements

Square Footage
900 - 999 sqft

Rooms

MetricImperial
Main level
Living room
Dining room
Kitchen
Foyer
Bathroom
Second level
Primary Bedroom
Bedroom
Bedroom 2
Bathroom
Basement
Bedroom 4
Laundry room
Bathroom
Bedroom 3

Land

Other Property Information
Zoning Description
R5-6
519-670-0385
Email
Book showing
TEAM GLASSER REAL ESTATE BROKERAGE INC.
Brokerage
519-670-0385

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