Maintenance fees
$350.00
Locker
None
Exposure
E
Possession
Immediate
Price per sqft
$515 - $572
Taxes
$3,713 (2024)
Outdoor space
-
Age of building
-
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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!
Broker: TEAM GLASSER REAL ESTATE BROKERAGE INC.
MLS®#: X12341981
Property details
Neighbourhood:
London
Parking:
Yes
Parking type:
Owned
Property type:
Condo Townhouse
Heating type:
Baseboard
Style:
2-Storey
Ensuite laundry:
Yes
MLS Size:
900-999 sqft
Listed on:
Aug 13, 2025
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Rooms
Name | Size | Features |
---|---|---|
Bathroom | 6.8 x 3.0 ft | |
Bathroom | 4.8 x 7.7 ft | |
Laundry | 7.3 x 7.6 ft |
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Instant estimate:
orto view instant estimate
$20,293
higher than listed pricei
High
$556,644
Mid
$535,193
Low
$515,360
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Included in Maintenance Fees
Water