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:51075)
Single-familyProperty Type
1998Year Built
$287Price/Sq.Ft.
4 spacesParking
Listed by EMANUEL CATANA• SMART FROM HOME REALTY LIMITED
Master bedroom on the second level (approx. 14'10" x 11'5")
Bedroom on the second level (approx. 11'5" x 9'9")
Bedroom on the second level (approx. 10'10" x 9'0")
Basement bedroom (approx. 17'6" x 7'7")
Basement bedroom (approx. 9'0" x 10'1")
Bathrooms
Three full bathrooms
One half bathroom
3-piece bathroom on the second level
3-piece bathroom in the basement
2-piece bathroom on the main level
Kitchen
Main-level kitchen (approx. 17'11" x 15'7")
Basement kitchen (approx. 7'0" x 5'7")
Heating & cooling
Natural gas heating
Central air conditioning
Exterior features
Fenced yard
37 ft frontage
Home design
Two-level home
Total building area approximately 1,950 square feet
Parking
Space for 4 vehicles
Utilities
Municipal sewer
Sale and tax history for 988 PROSPERITY Crt
Sale History
Tax History
Date
Event
Price
TREB #X12925202
Jun 18, 2026
Price Changed
$559,000
$287/sq ft
Mar 24, 2026
Listed
$595,000
$305/sq ft
TREB #X12471671
Feb 1, 2026
Delisted
—
Oct 13, 2025
Listed
$599,000
$307/sq ft
+11
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 * *
TREB #X12313253
Jul 29, 2025
Listed
$639,000
$328/sq ft
TREB #X12177614
Jun 9, 2025
Price Changed
$639,900
$328/sq ft
May 28, 2025
Listed
$499,900
$256/sq ft
TREB #X9255139
May 16, 2025
Delisted
—
Jan 20, 2025
Price Changed
$679,000
$348/sq ft
Nov 27, 2024
Price Changed
$699,000
$358/sq ft
Nov 1, 2024
Listed
$709,000
$364/sq ft
Nov 1, 2024
Delisted
—
Aug 15, 2024
Listed
$709,000
$364/sq ft
TREB #X8245594
Apr 18, 2024
Listed
$729,000
$374/sq ft
TREB #X7797674
Oct 1, 2021
Listed
$575,000
$295/sq ft
TREB #X7969077
Jul 20, 2021
Listed
$599,000
$307/sq ft
TREB #X5274611
Jul 10, 2021
Relisted
—
Jun 15, 2021
Listed
$589,900
$303/sq ft
TREB #X7968519
Mar 24, 2021
Listed
$599,900
$308/sq ft
TREB #X5126485
Mar 12, 2021
Price Changed
$599,900
$308/sq ft
Feb 24, 2021
Listed
$529,900
$272/sq ft
TREB #X4730411
Mar 24, 2020
Listed
$429,900
$220/sq ft
TREB #X7517597
Aug 22, 2017
Listed
$269,900
$138/sq ft
As the MLS and public records start to fill up, we'll list the details here.