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London North (north N), ON N6H4S3,40 SUMMIT AVE #102
London North (north N), ON N6H4S3,40 SUMMIT AVE #102,Video Tour
London North (north N), ON N6H4S3,40 SUMMIT AVE #102
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$474,900
Est. payment /mo
5 Beds
3 Baths
900 SqFt
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UPDATED:

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

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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