40 Summit Avenue #36 · London, N6H 4S3
MLS® X13824274
Listed Sep 24, 2026
Listing courtesy of Thrive Realty Group INC.·Listing last changed Sep 24
Key facts
- Property type
- Condo townhouse
- Square footage
- 900-999 sqft
- Storeys
- 1
- Age
- 31-50 years
- Parking
- 1 space
- Property tax
- $2,967/yr (2025)
Description
Built for income, not for chasing rent. This fully tenanted, furnished 5-bedroom condo townhouse offers a turnkey option for investors looking to add to their rental portfolio, or for parents planning ahead for a child attending Western. Offering approx. 1,496 sq ft across three levels, the layout was designed with shared living in mind. There are five bedrooms, 2.5 bathrooms and in unit laundry. The kitchen includes full size fridge and freezer units, an additional fridge, dishwasher and microwave. Full-size laundry is located on the lower level. Recent updates include luxury vinyl plank flooring throughout the main floor and hallways, new kitchen cabinetry including a large custom pantry unit, ceramic tile backsplash, LED pot lighting, and new stove, dishwasher and microwave in 2026. Bedroom laminate flooring was completed between 2022 and 2024, and kitchen and bathroom plumbing has been updated. Electric baseboard heating is individually controlled by thermostats in each room. The home has a 200-amp electrical panel, updated in 2015. Roof, doors and windows are maintained by the condo corporation giving you peace of mind for the large items. Monthly condo fees are $350 and include water. Furniture is included. Fully tenanted and already set up for shared accommodation, this is an opportunity to step into an established rental property without starting from scratch. Whether you're growing your portfolio or buying ahead for your student's years at Western, this one is already working. Numbers available upon request.
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Property details
Interior
- Size
- 900-999 sqft
- Bedrooms
- 3 above grade, 2 lower level
- Rooms
- 8 rooms
- Bathrooms
- 1 × 3-piece on Upper, 1 × 3-piece on Main, 1 × 3-piece on Ground
- Basement
- Full
- Heating
- Baseboard
- Cooling
- None
- Ensuite laundry
- No
Building & lot
- Type
- Condo townhouse, Stacked Townhouse
- Age
- 31-50 years
- Exterior
- Aluminum Siding, Brick
- Storeys
- 1
- Exposure
- South
Parking
- Parking
- 1 space
- Locker
- None
Fees & taxes
- Condo fee
- $350/mo
- Fee includes
- water
- Pets
- Yes, with restrictions
- Property tax
- $2,967/yr (2025)
- Corporation
- LCC 60
- Managed by
- Summit Properties
Rooms
Main
- Kitchen
- 3.07 × 5.71 m
- Bedroom
- 2.48 × 4.31 m
- Bathroom, 2 Pc Bath
- 0.62 × 1.66 m
- Dining Room
- 2.47 × 3.22 m
- Foyer
- 1.79 × 2.76 m
Upper
- Bedroom 3
- 2.49 × 3.11 m
- Bedroom 2
- 2.37 × 3.54 m
- Bathroom, 3 Pc Bath
- 2.06 × 2.26 m
- Primary Bedroom
- 4.97 × 2.93 m
Ground
- Bathroom, 3 Pc Bath
- 2.06 × 2.13 m
- Bedroom 4
- 3.08 × 3.64 m
- Bedroom 5
- 4.97 × 3.4 m
Estimated value range
$503K to $556K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Location & neighbourhood
DirectionsLondon North, ON
Small historic neighbourhood along the Thames River west of downtown with heritage homes.
Schools nearbyclosest is Jeanne-Sauvé Public School, 500 m
Elementary
- 7.1
Jeanne-Sauvé Public School
500 m · Grades JK-8
Thames Valley District School Board
- 6.0
Eagle Heights Public School
650 m · Grades JK-8
Thames Valley District School Board
- 7.8
University Heights Public School
1.0 km · Grades JK-8
Thames Valley District School Board
Secondary
- 8.0
London Central Secondary School
2.1 km · Grades 9-12
Thames Valley District School Board
- 5.7
Catholic Central High School
2.5 km · Grades 9-12
London District Catholic School Board
- 5.3
H B Beal Secondary School
2.9 km · Grades 9-12
Thames Valley District School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $3,440/mo all in
Monthly payment estimate
Land transfer tax$7,073 on closing
Ontario LTT
$7,073
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Sep 24, 2026
Sold comparables nearby
Sold17 - 515 Proudfoot Lane, London North
Sold126 - 40 Summit Avenue, London North
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBuyer’s market in London
6.6 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 96.4% of asking.
Avg. sold price
$537,575
Sale-to-list ratio
96.4%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $127,000 household income
Minimum household income required
$127,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Call Colin at (226) 212-5099 or text
Rental market$2,400/mo median for 3 bed nearby
$2,400/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 58 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
Get notified about similar homes
New condo townhouse listings in Blackfriars.
Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
Not intended to solicit clients already under contract.
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