36 - 40 Summit Avenue
London North, ON
- 5 bed
- 3 bath
- approx. 900-999 sqft
- Condo Townhouse
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.
Listing Details
- Taxes (2025)
- $2,967
- Listed
- September 24, 2026
Price History
Property
- Style
- Stacked Townhouse
- Age
- 31-50
- Construction
- Aluminum Siding, Brick
- Interior
- Separate Heating Controls, Separate Hydro Meter, Other
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 1
Utilities
- Heat Source
- Electric
Location & Legal
- Cross Street
- Platt's Lane and Oxford St
- Parcel Number
- 088700057
- Possession
- Flexible
- Occupancy
- Tenant
Condo
- Maintenance Fee
- $350/month
- Fee Includes
- Water Included, Common Elements Included
- Pets
- Yes-with Restrictions
- Locker
- None
- Balcony
- None
Included
- Inclusions
- 2 oversize fridges, electric stove, dishwasher, microwave, washer, dryer, 5 beds, 5 desks, 5 chairs, couch, dining table and chairs
- Exclusions
- Tenant Possessions
- Rental Items
- Hot Water Tank
Schools
Elementary
- Jeanne-Sauvé Public School0.5 km
Public · Thames Valley DSB · 305 students
Grade 3 reading: 96% met the provincial standard · Grade 6 math: 58% met the provincial standard
- Eagle Heights Public School0.7 km
Public · Thames Valley DSB · 1160 students
Grade 3 reading: 60% met the provincial standard · Grade 6 math: 50% met the provincial standard
- University Heights Public School1 km
Public · Thames Valley DSB · 315 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 74% met the provincial standard
Secondary
- London Central Secondary School2 km
Public · Thames Valley DSB · 955 students
Grade 10 literacy: 91% met the provincial standard
- Catholic Central High School2.4 km
Catholic · London District Catholic School Board · 1310 students
Grade 10 literacy: 89% met the provincial standard
- H B Beal Secondary School2.8 km
Public · Thames Valley DSB · 1525 students
Grade 10 literacy: 79% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N6H
- Population
- 44,215
- Private dwellings
- 20,694
- Median age
- 38.8
- Average household size
- 2.3
- Median household income
- $71,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Condo & Other in London North · last 12 months
- Median sold price
- $650,000
- Homes sold
- 1,351
- Median days on market
- 27
- Sale-to-list price
- 97.4%
Based on 1,351 recorded sales of residential condo & other properties in London North over the last 12 months.
Listed by
THRIVE REALTY GROUP INC.
Walk Score
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Location
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Mortgage Calculator
$105,978
Estimated Monthly Payment
$2,603
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,603/mo (20% down, 5.5%)
Taxes: $247/mo · Insurance: $132/mo
Maint: $350/mo
Estimates only. Consult a financial advisor.
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