40 SUMMIT AVE #102 Active Save Request In-Person Tour Request Virtual Tour
London North (north N),ON N6H4S3
Key Details
Property Type Single Family Home, Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 900 sqft
Price per Sqft $527
Subdivision North N
MLS Listing ID X12341981
Bedrooms 5
Half Baths 1
Condo Fees $350/mo
Property Sub-Type Townhouse
Source London and St. Thomas Association of REALTORS®
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! (id:24570)
Location
Province ON
Rooms
Kitchen 1.0
Extra Room 1 Second level 3.04 m X 4.12 m Primary Bedroom
Extra Room 2 Second level 3.42 m X 2.4 m Bedroom
Extra Room 3 Second level 3.48 m X 2.43 m Bedroom 2
Extra Room 4 Second level 1.47 m X 2.34 m Bathroom
Extra Room 5 Basement 3.97 m X 2.19 m Bedroom 4
Extra Room 6 Basement 2.24 m X 2.33 m Laundry room
Interior
Heating Baseboard heaters
Cooling None
Exterior
Parking Features No
Community Features Pets Allowed With Restrictions
View Y/N No
Total Parking Spaces 1
Private Pool No
Building
Story 2
Others
Ownership Condominium/Strata
Virtual Tour https://my.matterport.com/show/?m=qTRHY7ZDWv4&mls=1