40 SUMMIT AVE #102 new Save Request In-Person Tour Request Virtual Tour
London North,ON N6H 4S3
Key Details
Property Type Condo, Townhouse
Sub Type Condo Townhouse
Listing Status Active
Purchase Type For Sale
Approx. Sqft 900-999
Subdivision North N
MLS Listing ID X12341981
Style 2-Storey
Bedrooms 5
HOA Fees $350
Annual Tax Amount $3,713
Tax Year 2024
Property Sub-Type Condo Townhouse
Property 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!
Location
Province ON
County Middlesex
Community North N
Area Middlesex
Rooms
Family Room No
Basement Finished
Kitchen 1
Interior
Interior Features Water Heater Owned
Cooling None
Fireplace No
Heat Source Electric
Exterior
Exterior Feature Patio
Parking Features Surface,Reserved/Assigned
Waterfront Description None
Roof Type Shingles
Topography Dry
Exposure East
Total Parking Spaces 1
Balcony None
Building
Story 1
Unit Features Hospital,Place Of Worship,Public Transit,School,Library
Foundation Concrete
Locker None
New Construction false
Others
Pets Allowed Restricted
Virtual Tour https://my.matterport.com/show/?m=qTRHY7ZDWv4&mls=1