STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108


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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$529,888
Available - For Sale
Listing ID: 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.
Price $529,888
Taxes: $2,967
Assessment Year: 2025
Occupancy by: Tenant
Address: 40 Summit Avenue , London North, N6H 4S3, Middlesex
Postal Code: N6H 4S3
Province/State: Middlesex
Directions/Cross Streets: Platt's Lane and Oxford St
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Kitchen 10.07 18.73
Room 2: Main Dining Ro 8.10 10.56
Room 3: Main Bedroom 8.13 14.14
Room 4: Main Bathroom 2.03 5.44 2 Pc Bath
Room 5: Main Foyer 5.87 9.05
Room 6: Upper Primary B 16.30 9.61
Room 7: Upper Bedroom 2 7.77 11.61
Room 8: Upper Bedroom 3 8.17 10.20
Room 9: Upper Bathroom 6.76 7.41 3 Pc Bath
Room 10: Ground Bedroom 4 10.10 11.94
Room 11: Ground Bedroom 5 16.30 11.15
Room 12: Ground Bathroom 6.76 6.99 3 Pc Bath
No. of Pieces Level
Washroom 1:  3 Upper
Washroom 2:  3 Main
Washroom 3:  3 Ground
Washroom 4:  0
Washroom 5:  0
Washroom 6:  3 Upper
Washroom 7:  3 Main
Washroom 8:  3 Ground
Washroom 9:  0
Washroom 10:  0
Total Area: 0
Approximatly Age: 31-50
Maintenance: 350
Heat Type: Baseboard
Central Air Conditioning: None
Elevator Lift: False
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
THRIVE REALTY GROUP INC.

40 Summit Avenue , London North, N6H 4S3, Middlesex

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Stan Khurana
Sales Representative
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6473836000
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905-883-1988

 
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At a Glance:
Type: Com - Condo Townhouse
Area: Middlesex
Municipality: London North
Neighbourhood: North N
Style: Stacked Townhous
Lot Size: x 0.00()
Approximate Age: 31-50
Tax: $2,967
Maintenance Fee: $350
Beds: 3+2
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
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