988 PROSPERITY Court East D, London, Ontario, CA

Address: 988 PROSPERITY Court, London, Ontario

5 Beds3 Baths1950 sqftStatus: Buy
Price $639,000

Property Overview


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:51532)

 

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Property Summary
Property Type
Single Family
Building Type
House
Storeys
2
Square Footage
1950 sqft
Subdivision Name
East D
Title
Freehold
Land Size
under 1/2 acre
Built in
1998
Building
Bedrooms
Above Grade
3
Below Grade
2
Bathrooms
Total
5
Partial
1
Interior Features
Appliances Included
Dishwasher, Dryer, Refrigerator, Stove, Washer, Hood Fan
Basement Type
Full (Finished)
Building Features
Features
Southern exposure, Sump Pump
Style
Detached
Architecture Style
2 Level
Square Footage
1950 sqft
Rental Equipment
Water Heater
Structures
Porch
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air
Utilities
Utility Type
Cable(Available),Electricity(Available),Natural Gas(Available),Telephone(Available)
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Parking
Total Parking Spaces
4
Land
Lot Features
Fencing
Fence
Other Property Information
Zoning Description
R1-3
Level Rooms Dimensions
Second level 3pc Bathroom Measurements not available
Bedroom 11'5'' x 9'9''
Bedroom 10'10'' x 9'0''
Primary Bedroom 14'10'' x 11'5''
Basement Kitchen 7'0'' x 5'0''
3pc Bathroom Measurements not available
Bedroom 17'6'' x 7'7''
Bedroom 9'0'' x 10'1''
Main level 2pc Bathroom Measurements not available
Kitchen 17'11'' x 15'7''
Living room 19'11'' x 10'10''

Features
           Southern exposure            Sump Pump            Dishwasher
           Dryer            Refrigerator            Stove
           Washer            Hood Fan            Central air conditioning
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Your Home Finance Calculation

Property Price CA $639,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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