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:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
3+2
Bathrooms
3
Lot
37 x 154 ft
Amenities Nearby
Airport, Public Transit, Schools
Communication Type
High Speed Internet
Equipment
Water Heater
Features
Southern exposure, Sump Pump
Listing Contract Date
2026-03-24
Location Description
When heading North on Fanshawe College Blvd turn right onto Fleming Drive, followed by right onto Prosperity Court
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Single Family
Rental Equipment
Water Heater
Structures
Porch
Transaction Type
For sale
Zoning Description
R1-3
Building
Appliances
Dishwasher, Dryer, Refrigerator, Stove, Washer, Hood Fan
Architectural Style
2 Level
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1998
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Exterior Finish
Brick, Vinyl siding
# of Half Bathrooms
1
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
3pc Bathroom
Second level
Measurements not available
Bedroom
Second level
11'5'' x 9'9''
Bedroom
Second level
10'10'' x 9'0''
Primary Bedroom
Second level
14'10'' x 11'5''
Kitchen
Basement
7'0'' x 5'0''
3pc Bathroom
Basement
Measurements not available
Bedroom
Basement
17'6'' x 7'7''
Bedroom
Basement
9'0'' x 10'1''
2pc Bathroom
Main level
Measurements not available
Kitchen
Main level
17'11'' x 15'7''
Living room
Main level
19'11'' x 10'10''
Utilities
Type
Description
Cable
Available
Electricity
Available
Natural Gas
Available
Telephone
Available
Land
Total Size
under 1/2 acre
Access Type
Road access, Highway Nearby
Amenities
Airport, Public Transit, Schools
Fence Type
Fence
Sewer
Municipal sewage system
Terms of Use
Please review and agree to the following terms of use to access the listing content:
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA;
The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy;
This website is operated by a brokerage or salesperson who is a member of CREA;
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
