988 Prosperity Court Active Save Request In-Person Tour Request Virtual Tour
London,ON N5V 5C7
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $399
MLS Listing ID 40778560
Style Two Story
Bedrooms 5
Full Baths 2
Half Baths 1
Abv Grd Liv Area 1,950
Year Built 1998
Annual Tax Amount $4,543
Property Sub-Type Detached
Source Cornerstone
Property 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!
Location
Province ON
County Middlesex
Area East
Zoning R1-3
Direction When heading North on Fanshawe College Blvd turn right onto Fleming Drive, followed by right onto Prosperity Court
Rooms
Basement Separate Entrance,Walk-Up Access,Full,Finished,Sump Pump
Bedroom 2 3
Kitchen 2
Interior
Interior Features High Speed Internet,In-law Capability
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplace No
Appliance Dishwasher,Dryer,Range Hood,Refrigerator,Stove,Washer
Laundry In Basement,Inside,Main Level
Exterior
Fence Full
Utilities Available Cable Connected,Electricity Connected,Garbage/Sanitary Collection,Natural Gas Connected,Recycling Pickup,Phone Connected
Roof Type Shingle
Porch Porch
Lot Frontage 36.72
Lot Depth 153.87
Garage No
Building
Lot Description Urban,Airport,Major Highway,Public Transit,Schools
Faces When heading North on Fanshawe College Blvd turn right onto Fleming Drive, followed by right onto Prosperity Court
Foundation Concrete Perimeter
Sewer Sewer (Municipal)
Water Municipal-Metered
Architectural Style Two Story
Structure Type Brick,Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 081050350
Ownership Freehold/None