988 PROSPERITY Court, London, Ontario, N5V5C7

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! (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Style: 2 Level
• Bedrooms: 5 (3 above, 2 below)
• Bathrooms: 3 (1 half)
• Living Area: 1,950 sq ft (181.2 m²)
• Above Grade: 1,500 sq ft (139.4 m²)
• Below Grade: 450 sq ft (41.8 m²)
• Year Built: 1998
• Ownership: Freehold
• Attached: No
• Parking: 4.0 spaces
• Frontage: 37 ft (11.3 m)

Costs

• Annual Taxes: $4,543.00

Listing Provided by: SMART FROM HOME REALTY LIMITED
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.