$514,900
3.16 BTC
Photos
40 Summit Avenue 102, London
$514,900
PRICE
5
BEDROOMS
3
BATHROOMS
X12341981
MLSID

40 Summit Avenue 102, London

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!
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Summary

Address
40 Summit Avenue 102
City
Community
MLSID
X12341981
Property Type
Condo Townhouse
Property Category
Bedrooms
5
Bathrooms
3
Rooms
11
Kitchens
1
Zoning
R5-6
Taxes (Annual)
$3,713.00
Tax Year
2024
Published
August 13, 2025
Days on Market
3 Days
Possession Type
Immediate
Possession Details
Immediate
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Details

Property Features
Hospital, Place Of Worship, Public Transit, School, Library
Bathroom 1
2-Piece Main Level
Bathroom 2
3-Piece Second Level
Bathroom 3
3-Piece Basement Level
Parking Spaces
1
Parking Total
1
Parking Features
Surface, Reserved/Assigned
Architectural Style
2-Storey
Roof
Shingles
Construction Materials
Aluminum Siding, Brick
Exposure
East
Heat Source
Electric
Heat Type
Baseboard
New Construction
No
Occupant Type
Vacant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with TEAM GLASSER REAL ESTATE BROKERAGE INC.
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