988 Prosperity Court,London, ON N5V 5C7
London, ON N5V 5C7
Description
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!
Details
| MLS # | 40814471 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1998 |
| Days On Site | 195 |
| Listing Provided By | SMART FROM HOME REALTY LIMITED | Emanuel Catana |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,500 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | R1-3 |
| Acreage | 0.13 |
Interior
| Appliances | Dishwasher, Dryer, Range Hood, Refrigerator, Stove, Washer |
|---|---|
| Rooms Total | 11 |
| Interior Features | High Speed Internet, In-law Capability |
| Cooling | Central Air |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | In Basement, Inside, Main Level |
Exterior
| Lot Features | Urban, Airport, Major Highway, Public Transit, Schools |
|---|---|
| Construction Materials | Brick, Vinyl Siding |
| Roof | Shingle |
| Fencing | Full |
| Foundation Details | Concrete Perimeter |
| Patio And Porch Features | Porch |
Parking
| Open Parking Yes / No | Yes |
|---|
Utilities
| Utilities | Cable Connected, Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Phone Connected |
|---|---|
| Sewer | Sewer (Municipal) |
Taxes
| Tax Annual Amount | 4543 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Middlesex |
| City | London |
| Postal Code | N5V 5C7 |
| Area | East |
| Subarea | East D |
| Community Name | East D |
| Listing VS Median (in East D) | |
Price: $549,000 low | high Med: $517,000 sqft: 1,500 low | high Med: 1,251 $ / sqft: $366 low | high Med: $425 On site: 195 low | high Med: 120 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Middlesex |
| City | London |
| Postal Code | N5V 5C7 |
| Area | East |
| Subarea | East D |
| Community Name | East D |
| Listing VS Median (in East D) | |
Price: $549,000 low | high Med: $517,000 sqft: 1,500 low | high Med: 1,251 $ / sqft: $366 low | high Med: $425 On site: 195 low | high Med: 120 | |
