Property Details
102 - 40 SUMMIT AVENUE, London North (North N), Ontario, N6H4S3
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:2471)
PLATINUM KEY REALTY INC.
- 226-927-6886
- 519-264-1999
- nicole@platinumkey.ca
- Property Address: 102 - 40 SUMMIT AVENUE, London North (North N), Ontario, N6H4S3
- Community Name: North N
- Property Type: Single Family
- Zoning Description: R5-6
- Title: Condominium/Strata
- Driveway: No Garage
- Total Parking Spaces: 1
- Maintenance Fee: 350.00
- Amenities Nearby: Hospital, Place of Worship, Public Transit, Schools
- Structure Style: Row / Townhouse
- Storeys: 2
- Floor Space: 900 - 999 sqft
- Bedrooms: 5
- Bathrooms: 3-Total 1-Partial
- Basement Type: N/A (Finished)
- Heating Type: Electric, Baseboard heaters
- Exterior Type: Aluminum siding, Brick
- Foundation Type: Concrete
- Appliances Included: Water Heater
- Structures: Patio(s)
- Dry
- In suite Laundry
- Pet Restrictions
| Type | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Second level | 3.04 m x 4.12 m |
| Bedroom | Second level | 3.42 m x 2.4 m |
| Bedroom 2 | Second level | 3.48 m x 2.43 m |
| Bathroom | Second level | 1.47 m x 2.34 m |
| Bedroom 4 | Basement | 3.97 m x 2.19 m |
| Laundry room | Basement | 2.24 m x 2.33 m |
| Bathroom | Basement | 1.61 m x 1.75 m |
| Bedroom 3 | Basement | 3.3 m x 4.91 m |
| Living room | Main level | 5.7 m x 3.37 m |
| Dining room | Main level | 3.42 m x 2.53 m |
| Kitchen | Main level | 3.1 m x 2.43 m |
| Foyer | Main level | 2.48 m x 1.57 m |
| Bathroom | Main level | 2.07 m x 0.9 m |
Listing Office: TEAM GLASSER REAL ESTATE BROKERAGE INC.
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