988 PROSPERITY Court
London, Ontario N5V5C7
- 5 Beds
- 3 Baths
- 1950 sqft
- Single Family
Listed by Smart From Home Realty Limited
16 photos
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! (id:37124)
Property details
| Price | $549,000 |
|---|---|
| Status | Active |
| Transaction | For sale |
| Property type | Single Family |
| Building type | House |
| Ownership | Freehold |
| Storeys | 2 |
| Bedrooms | 5 |
| Bathrooms | 3 |
| Living area | 1950 square feet |
| Year built | 1998 |
| Frontage | 37 |
| Zoning | R1-3 |
| Basement | Finished, Full |
| Heating | Forced air, Natural gas |
| Cooling | Central air conditioning |
| Exterior | Brick, Vinyl siding |
| Parking spaces | 4 |
| Water | Municipal water |
| Sewer | Municipal sewage system |
| Appliances | Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan |
| Annual taxes | $4,543 |
| Neighbourhood | East D |
| Listed on | Mar 24, 2026 |
| MLS® number | 40814471 |
Rooms
| Level | Room | Dimensions |
|---|---|---|
| Basement | Kitchen | 5'0'' x 7'0'' |
| Basement | 3pc Bathroom | |
| Second level | 3pc Bathroom | |
| Main level | 2pc Bathroom | |
| Basement | Bedroom | 7'7'' x 17'6'' |
| Basement | Bedroom | 10'1'' x 9'0'' |
| Second level | Bedroom | 9'9'' x 11'5'' |
| Second level | Bedroom | 9'0'' x 10'10'' |
| Second level | Primary Bedroom | 11'5'' x 14'10'' |
| Main level | Kitchen | 15'7'' x 17'11'' |
| Main level | Living room | 10'10'' x 19'11'' |
Location
All listing details (52)
| Above Grade Finished Area | 1500 |
|---|---|
| Above Grade Finished Area Source | Owner |
| Above Grade Finished Area Units | square feet |
| Appliances | Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan |
| Basement | Finished, Full |
| Bathrooms Partial | 1 |
| Bathrooms Total Integer | 3 |
| Bedrooms Above Grade | 3 |
| Bedrooms Below Grade | 2 |
| Bedrooms Total | 5 |
| Below Grade Finished Area | 450 |
| Below Grade Finished Area Source | Owner |
| Below Grade Finished Area Units | square feet |
| City | London |
| Common Interest | Freehold |
| Cooling | Central air conditioning |
| Country | Canada |
| Directions | When heading North on Fanshawe College Blvd turn right onto Fleming Drive, followed by right onto Prosperity Court |
| Exterior Features | Brick, Vinyl siding |
| Fencing | Fence |
| Fireplace YN | No |
| Frontage Length Numeric | 37 |
| Frontage Length Numeric Units | feet |
| Geocode Manual YN | Yes |
| Heating | Forced air, Natural gas |
| Internet Address Display YN | Yes |
| Internet Entire Listing Display YN | Yes |
| List AOR | Cornerstone |
| List Price | 549000 |
| Living Area | 1950 |
| Living Area Units | square feet |
| Lot Features | Southern exposure, Sump Pump |
| Original Entry Timestamp | 2026-03-24T15:03:10.78Z |
| Parking Total | 4 |
| Photos Count | 16 |
| Postal Code | N5V5C7 |
| Property Attached YN | No |
| Property Sub Type | Single Family |
| Sewer | Municipal sewage system |
| Standard Status | Active |
| State Or Province | Ontario |
| Stories | 2 |
| Street Name | PROSPERITY |
| Street Number | 988 |
| Street Suffix | Court |
| Structure Type | House |
| Subdivision Name | East D |
| Tax Annual Amount | 4543 |
| Utilities | Natural Gas, Electricity, Cable, Telephone |
| Water Source | Municipal water |
| Year Built | 1998 |
| Zoning Description | R1-3 |
Listing courtesy of
Listing brokerage
Smart From Home Realty Limited
619 Wild Ginger Ave. Unit D23, Waterloo, Ontario
Listing agent
Emanuel Catana
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