Tej Thakor Broker of Record / Owner 647-684-1731
For Sale
MLS®# X12925202

988 Prosperity Court, London East, ON N5V 5C7

London East, ON N5V 5C7

$559,000 Est. $2,374/mo · 20% down, 25-yr, 4.09%
3 + 2Beds
3Baths
37 × 154 ftLot
4Parking
DuplexType

About this property

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! **INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**

Property Summary

Property TypeDuplex
Square Footage1100 - 1500 sq ft
Community NameEast D
Land Size36.72 x 153.87 ft
Age of Building16-30
Annual Property Taxes$4,543.00
Tax Year2025
Parking TypeNone Garage, Private Double

Building details

Bedrooms3 + 2 (total 5)
Bathrooms / washrooms3 — 2-pc Second, 3-pc Basement
Kitchens1 + 1
Rooms6 + 4
Property typeDuplex
Architectural style2-Storey
Approximate age16-30

Room dimensions

# Room Level Dimensions Features
1 Living Room Main 6 × 3.07 ft
2 Kitchen Main 5.2 × 4.8 ft
3 Bedroom Second 4.3 × 3.5 ft
4 Bedroom 2 Second 3.1 × 2.8 ft
5 Bedroom 3 Second 3.5 × 3 ft
6 Bedroom Basement 2.7 × 3.1 ft
7 Bedroom 2 Basement 5.4 × 2.3 ft
8 Kitchen Basement 2.1 × 1.5 ft

Lot & land

Lot dimensions37 × 154 ft
Lot frontage37 ft
Lot depth154 ft

Interior Features

Basement FeaturesFinished, Separate Entrance
Basement TypeFinished
Interior FeaturesIn-Law Capability, Sump Pump, Water Heater
InclusionsDishwasher, Dryer, Washer, Fridge, Stove
ExclusionsTenants belongings

Building Features

FeaturesCul de Sac/Dead End, Fenced Yard, Library, Park, Place Of Worship, Public Transit
Foundation TypePoured Concrete
Style2-Storey
RoofAsphalt Shingle
ConstructionBrick, Vinyl Siding
Fire ProtectionSmoke Detector

Building Amenities

PoolNone

Rental Equipment

Rental equipmentHot Water Heater

Heating & Cooling

CoolingCentral Air
Heating TypeForced Air
Heating SourceGas

Utilities

Utility SewerSewer

Parking

Parking TypeNone Garage, Private Double
Total Parking Spaces4

Exterior Features

Exterior FinishYear Round Living

Taxes & fees

Annual taxes$4,543 (2025)

Listing history

On market sinceMar 24, 2026
Original list price$595,000

Location

London East, ON N5V 5C7
Listed by SMART FROM HOME REALTY LIMITED, Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.
Call Tej Now 647-684-1731
988 Prosperity Court, London East, ON N5V 5C7