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988 Prosperity Court, London East, ON N5V 5C7
London East, ON N5V 5C7
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
Building details
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 |