- Bedrooms
- 3+2
- Bathrooms
- 3
- Size
- 900–999sq ft
- Per sq ft
- $558at the range’s middle
- Tax a year
- $2,9672025 tax year
- Built
- 31-50
- Parking
- 1none
- Days on market
- Members
The brief
About 36-40 Summit Ave
36-40 Summit Ave is a 3+2-bedroom, 3-bathroom condo townhouse in North N, London North, listed for sale at an asking price of $529,888 (MLS® X13824274).
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.
Insights
Condition Score
Good81/1003 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even56/100−$115/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 5 condos with 5 bedrooms for lease in London North right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $2,967 / 2025
- MLS® number
- X13824274
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Building Age
- 31-50
- Days on market
- Size
- 900-999 sqft
- Listed on
- Parking
- None, 1 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- Stacked Townhouse
- Community
- North N
- Municipality
- London North
Building
- Size
- 900-999 sqft
- Building Age
- 31-50
- Construction
- Alum Siding
Inside
- Bedrooms
- 3+2
- Bathrooms
- 3
- Bathroom Details
- 1 × 3pc Upper, 1 × 3pc Main, 1 × 3pc Ground
- Basement Type
- Full
- Kitchens
- 1
Parking
- Garage Type
- None
- Additional Parking
- 1
- Total Parking
- 1
Utilities
- Cooling
- None
- Heating Type
- Baseboard
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- 2 oversize fridges, electric stove, dishwasher, microwave, washer, dryer, 5 beds, 5 desks, 5 chairs, couch, dining table and chairs
- Condo maint.
- $350
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 5.71 × 3.07 m | — | Main |
| Dining | 3.22 × 2.47 m | — | Main |
| Br | 4.31 × 2.48 m | — | Main |
| Bathroom | 1.66 × 0.62 m | 2 Pc Bath | Main |
| Foyer | 2.76 × 1.79 m | — | Main |
| Primary | 2.93 × 4.97 m | — | Upper |
| 2nd Br | 3.54 × 2.37 m | — | Upper |
| 3rd Br | 3.11 × 2.49 m | — | Upper |
| Bathroom | 2.26 × 2.06 m | 3 Pc Bath | Upper |
| 4th Br | 3.64 × 3.08 m | — | Ground |
| 5th Br | 3.4 × 4.97 m | — | Ground |
| Bathroom | 2.13 × 2.06 m | 3 Pc Bath | Ground |
Listing history
Buy/sell history for 36-40 Summit Ave, London North, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $529,888 | N/A | For Sale | X13824274 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $105,978
- Total mortgage amount
- $423,910
- Total interest payment
- $301,490
- Total purchase cost
- $831,378
- Mortgage payment
- $2,418/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
24%Monthly carrying cost
$3,015- Rent $2,900
- Shortfall $115
Rental income opens at $2,900, the median asking rent of 5 comparable homes for lease in London North. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $7,073
- Total land transfer tax
- $7,073
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $3,073
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $529,888
- $2,598
- Ontario total
- $7,073
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation2
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m3 test or monitoring holes also recorded.250 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 9.5 km9.5 km
Province of Ontario open data
Around the home2
- Nearest rail line: 160 m160 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- 1 recorded oil, gas or salt well within 250 mFrom Ontario’s petroleum well records, which include old and plugged wells.250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Corporation of the City of London — Greenway Pollution Control Centre, 2.2 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 90 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (90 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.90 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, NFTC, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Condos for sale in North N right now
- For sale now
- 5
- Median asking price
- $510K
- New in 7 days
- 0
- Price cuts
- 20%
Middle half: $500K to $520K
2 in 28 days
1 listing
This home is asking 4% above the median, higher than three quarters of them.
See all homes in North NAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Jeanne-Sauvé Public SchoolThames Valley DSB | Public · grades JK–8 · French Immersion | 500 m | 82%Grade 6 average |
| Eagle Heights Public SchoolThames Valley DSB | Public · grades JK–8 | 650 m | 75%Grade 6 average |
| St Thomas More Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 1.8 km | 69%Grade 6 average |
| École élémentaire catholique Frère AndréConseil scolaire catholique Providence | French-language Catholic · grades JK–6 | 3.3 km | 85%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| London Central Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 2.1 km | 81%Grade 9 math |
| Catholic Central High SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 2.5 km | 57%Grade 9 math |
| H B Beal Secondary SchoolThames Valley DSB | Public · grades 9–12 | 2.9 km | 56%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 4 km | 57%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in North N are shown to signed-in members.