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988 PROSPERITY Court, London — listed at $549,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Basement | 5'0'' x 7'0'' |
| 3pc Bathroom | Basement | — |
| 3pc Bathroom | Second level | — |
| 2pc Bathroom | Main level | — |
| Bedroom | Basement | 7'7'' x 17'6'' |
| Bedroom | Basement | 10'1'' x 9'0'' |
| Bedroom | Second level | 9'9'' x 11'5'' |
| Bedroom | Second level | 9'0'' x 10'10'' |
| Primary Bedroom | Second level | 11'5'' x 14'10'' |
| Kitchen | Main level | 15'7'' x 17'11'' |
| Living room | Main level | 10'10'' x 19'11'' |
Is 988 PROSPERITY Court a good fit for a growing family?+
With 5 bedrooms and 3 bathrooms (1950 sq ft), there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 4 spaces.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,543, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
How is the space laid out across floors?+
This is a 2-storey single family. The 5 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is this a good starter home?+
At $549,000, this is priced in starter-home territory for London. With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
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