102 - 40 Summit Avenue London North, Ontario N6H 4S3

5 Bedroom 3 Bathroom 900 - 999 ft2
Baseboard Heaters

$514,900

Maintenance, Water, Insurance, Common Area Maintenance

$350 Monthly

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:53488)

Property Details

MLS® Number X12341981
Property Type Single Family
Community Name North N
Amenities Near By Hospital, Place Of Worship, Public Transit, Schools
Community Features Pet Restrictions
Features Dry, In Suite Laundry
Parking Space Total 1
Structure Patio(s)

Building

Bathroom Total 3
Bedrooms Above Ground 5
Bedrooms Total 5
Appliances Water Heater
Basement Development Finished
Basement Type N/a (finished)
Exterior Finish Aluminum Siding, Brick
Foundation Type Concrete
Half Bath Total 1
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Size Interior 900 - 999 Ft2
Type Row / Townhouse

Parking

No Garage

Land

Acreage No
Land Amenities Hospital, Place Of Worship, Public Transit, Schools
Zoning Description R5-6

Rooms

Level Type Dimensions
Second Level Primary Bedroom 3.04 m x 4.12 m
Second Level Bedroom 3.42 m x 2.4 m
Second Level Bedroom 2 3.48 m x 2.43 m
Second Level Bathroom 1.47 m x 2.34 m
Basement Bedroom 4 3.97 m x 2.19 m
Basement Laundry Room 2.24 m x 2.33 m
Basement Bathroom 1.61 m x 1.75 m
Basement Bedroom 3 3.3 m x 4.91 m
Main Level Living Room 5.7 m x 3.37 m
Main Level Dining Room 3.42 m x 2.53 m
Main Level Kitchen 3.1 m x 2.43 m
Main Level Foyer 2.48 m x 1.57 m
Main Level Bathroom 2.07 m x 0.9 m

https://www.realtor.ca/real-estate/28727242/102-40-summit-avenue-london-north-north-n-north-n

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Dustin Mercier
Salesperson

(519) 670-0385

Team Glasser Real Estate Brokerage Inc.

(519) 670-0385

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