40 Summit Ave 14

North N, London, N6H 4S3
FOR SALE
$528,888
40 Summit Ave 14, London
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3 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
3
ROOMS
X11998583
MLSID
Contact Us
Property Description
Welcome to the Perfect Student Rental or Owner Occupier unit 14-40 Summit Avenue! This 3 Bedroom, 2 Bathroom Freehold Townhouse is centrally located to downtown, Western University, excellent shopping, parks, and offers easy access to public transportation. The fully furnished spacious living/dining room has access to a backyard patio. The upper floor consists of a large master bedroom plus two additional bedrooms and a 4 pc bath. Carpet-free throughout, the lower level includes laundry with access to a single car garage. All appliances are included. The unit includes 2 parking spaces. Quick possession is available.Condo Fees: $350/month
Listing History
List Date End Date Days Listed List Price Sold Price Status
2020-10-02 2020-10-19 17 $349,900 $350,000 Sold
2010-09-30 2010-10-14 14 $159,900 $160,000 Sold
2007-07-17 2007-10-03 79 $139,900 $138,000 Sold
Property Details
Community
City
Property Type
Condo Townhouse, 2-Storey
Approximate Sq.Ft.
900-999
Taxes
$2,800 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Parking Spaces
1
Parking 1
Owned
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
KitchenMain9.74' x 9.81'
DiningMain8.46' x 10.10'
BathroomLower4.89' x 2.79'2 Pc Bath
4th BrLower11.35' x 12.47'Combined W/Laundry, Access To Garage
Prim BdrmUpper16.47' x 9.88'
BathroomUpper7.35' x 6.76'4 Pc Bath
2nd BrUpper11.52' x 7.94'Closet
3rd BrUpper8.17' x 10.43'Closet
LivingMain13.32' x 10.99'Open Concept, Combined W/Dining, W/O To Yard
London Market Statistics
London Price Trend
40 Summit Ave 14 is a 3-bedroom 2-bathroom townhome listed for sale at $528,888, which is $52,573 (11.0%) higher than the average sold price of $476,315 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom townhome in London increased by $16,893 (3.7%) compared to the previous 30 day period (December 22 - January 20) and up $288,366 (153.4%) from the same time one year ago.
Inventory Change
There were 99 3-bedroom townhomes listed in London over the last 30 days (January 21 - February 19), which is up 33.8% compared with the previous 30 day period (December 22 - January 20) and up 1,000.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom townhomes in London typically sold ($10,234) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $14,796 increase compared to the previous 30 day period (December 22 - January 20) and ($1,708) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom townhomes in London over the last 30 days (January 21 - February 19) stood at 46.5%, down from 81.1% over the previous 30 days (December 22 - January 20) and down from 129,677.8% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom townhome in London stood at 30 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.
Listing contracted with Exp Realty
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