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Mike Taylor

mike@ninemilerealty.ca +1(705) 985-1110

$ 474,900

Est. payment | -/mo

5 Beds

3 Baths

Save Virtual Tour

$ 474,900

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

Key Details

Property Type Condo, Townhouse

Sub Type Condo Townhouse

Listing Status Active

Purchase Type For Sale

Approx. Sqft 900-999

Subdivision North N

MLS Listing ID X12341981

Style 2-Storey

Bedrooms 5

HOA Fees $350

Annual Tax Amount $3,713

Tax Year 2024

Property Sub-Type Condo Townhouse

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!

Location

Province ON

County Middlesex

Community North N

Area Middlesex

Rooms

Family Room No

Basement Finished

Kitchen 1

Interior

Interior Features Water Heater Owned

Cooling None

Fireplace No

Heat Source Electric

Exterior

Exterior Feature Patio

Parking Features Surface, Reserved/Assigned

Waterfront Description None

Roof Type Shingles

Topography Dry

Exposure East

Total Parking Spaces 1

Balcony None

Building

Story 1

Unit Features Hospital,Place Of Worship,Public Transit,School,Library

Foundation Concrete

Locker None

New Construction false

Others

Pets Allowed Restricted

Virtual Tour https://my.matterport.com/show/?m=qTRHY7ZDWv4&mls=1

Listed by TEAM GLASSER REAL ESTATE BROKERAGE INC.

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

40 SUMMIT AVE #102 London North, ON N6H 4S3

Mike Taylor

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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40 SUMMIT AVE #102