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For saleMLS® X13824274

40 Summit Avenue, Unit 36

London, N6H 4S3

$529,888

Bedrooms
3 + 2
Bathrooms
3
Interior
900-999 ft²
Type
Condo townhouse

About this home

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. 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.

Property details

Property type
Condo Townhouse
Ownership
Condominium
Style
Stacked Townhouse
Age
31-50 years
Property taxes
$2,967 (2025)
Condo fees
$350 a month
Fees include
Water Included, Common Elements Included
Heating
Baseboard, Electric
Basement
Full
Parking
1 space
Time on market
39 days on market

Features

Inside

  • Separate Heating Controls
  • Separate Hydro Meter

Outside

  • Aluminum Siding
  • Brick

Rooms

Measurements are deemed reliable but not guaranteed.

KitchenMain10' 1" × 18' 9"
Dining RoomMain8' 1" × 10' 7"
BedroomMain8' 2" × 14' 2"
BathroomMain2' × 5' 5"2 Pc Bath
FoyerMain5' 10" × 9' 1"
Primary BedroomUpper16' 4" × 9' 7"
Bedroom 2Upper7' 9" × 11' 7"
Bedroom 3Upper8' 2" × 10' 2"
BathroomUpper6' 9" × 7' 5"3 Pc Bath
Bedroom 4Ground10' 1" × 11' 11"
Bedroom 5Ground16' 4" × 11' 2"
BathroomGround6' 9" × 7'3 Pc Bath

Location

Thinking about the area? Read my guide to London.

Estimate your payment

20% down. The minimum on this price is $27,989.

Your monthly payment

$2,346

Mortgage amount
$423,910
Interest over the amortization
$279,958

An estimate at a fixed rate compounded twice a year, with default insurance under 20% down. Your lender sets the real numbers, and I am happy to put you in touch with a mortgage professional.

Listing brokerage: THRIVE REALTY GROUP INC..

Listing courtesy of the London and St. Thomas Association of REALTORS. MLS® X13824274.

Measurements are deemed reliable but not guaranteed.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Listing data provided under copyright by the London and St. Thomas Association of REALTORS and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Allan Congo is a Sales Representative with Century 21 First Canadian Corp., Brokerage. Each office independently owned and operated.

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