40 Summit Avenue 102, London North

$474,900

5 Beds
3 Baths
900-999 Sqft
0 Acres
0 Garages

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!

Essential Information
MLS® #X12341981
Price$474,900
Bedrooms5
Bathrooms3.00
Square Footage900-999
TypeResidential Condo & Other
Sub-TypeCondo Townhouse
Style2-Storey
StatusActive
Community Information
Address40 Summit Avenue 102
AreaMiddlesex
SubdivisionNorth N
CityLondon North
ProvinceON
Postal CodeN6H 4S3
Amenities
Parking Spaces1
GaragesNone
WaterfrontNone
Interior
HeatingBaseboard
CoolingNone
BasementFinished
Exterior
ExteriorAluminum Siding, Brick
Listing Details
Office

TEAM GLASSER REAL ESTATE BROKERAGE INC.

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