988 PROSPERITY Court

$559,000

East D, London, Ontario

  • 5 beds
  • 3 baths
  • 1,950 square feet
Residential · Single FamilyType
1998Year built
4Parking
Forced air, Natural gasHeating
Central air conditioningCooling
165Days on market
$287 / sqftPrice / sqft

About this property

Investors & First-Time Buyers – Don’t Miss This Turnkey Opportunity Near Fanshawe College! 988 Prosperity Court, London | Around $4000 Monthly Income Potential | Fully Finished Basement with In-Law Suite. This versatile and income-generating 3+2 bedroom, 3-bathroom home located just steps from Fanshawe College. Whether you’re an investor looking for solid monthly cash flow or a homeowner seeking a mortgage-helper potential, this home checks every box. Currently generating near $4000/month plus utilities, this property boasts a separate side entrance to a fully finished lower-level in-law suite, ideal for students, renters, or extended family. The basement features 2 bedrooms, a 3-piece bathroom, a roughed-in kitchenette, its own laundry, and private living space—perfect for maximizing rental income. The main floor offers an oversized living room with bay window, a 2-piece powder room, and a spacious kitchen with in-suite laundry. Patio doors lead to an impressive backyard—one of the largest in the area—complete with two storage sheds and plenty of outdoor space for tenants or future upgrades. Upstairs, you’ll find a large primary bedroom with walk-in closet, two additional generously sized bedrooms, and a full 4-piece bathroom. Recent updates include: Brand new gas furnace (May 2025), New flooring throughout, Updated light & bathroom fixtures, Newer washer and dryer. Located on a quiet cul-de-sac just minutes from public transit, shopping, and Fanshawe College, this property offers a prime location and strong investment fundamentals. Don’t Miss it! (id:45603)

Property details

Interior

Bedrooms
5
Bedrooms above grade
3
Bedrooms below grade
2
Bathrooms
3 + 1 half
Living area
1,950 square feet
Storeys
2
Basement
Finished, Full
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan

Exterior & parking

Structure type
House
Architectural style
[]
Parking spaces
4
Exterior features
Brick, Vinyl siding

Building & HOA

Year built
1998
Heating
Forced air, Natural gas
Cooling
Central air conditioning

Financial & legal

List price
$559,000
Price / sqft
$287 / sqft
Annual taxes
$4,543
Tenure
Freehold
Status
Active
MLS® number
40814471

Location

City
London
Neighbourhood
East D
Province
Ontario
Postal code
N5V5C7
Directions
When heading North on Fanshawe College Blvd turn right onto Fleming Drive, followed by right onto Prosperity Court

Room details

RoomLevelDimensionsFeatures
KitchenBasement5'0'' x 7'0''
3pc BathroomBasement
3pc BathroomSecond level
2pc BathroomMain level
BedroomBasement7'7'' x 17'6''
BedroomBasement10'1'' x 9'0''
BedroomSecond level9'9'' x 11'5''
BedroomSecond level9'0'' x 10'10''
Primary BedroomSecond level11'5'' x 14'10''
KitchenMain level15'7'' x 17'11''
Living roomMain level10'10'' x 19'11''

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Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).