988 Prosperity Court London, Ontario N5V 5C7
$639,000
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:37788)
Property Details
| MLS® Number | 40755123 |
| Property Type | Single Family |
| Amenities Near By | Airport, Public Transit, Schools |
| Communication Type | High Speed Internet |
| Equipment Type | Water Heater |
| Features | Southern Exposure, Sump Pump |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater |
| Structure | Porch |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| 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 |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1950 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Nearby |
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Airport, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 154 Ft |
| Size Frontage | 37 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R1-3 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 3pc Bathroom | Measurements not available | ||
| Second Level | Bedroom | 11'5'' x 9'9'' | ||
| Second Level | Bedroom | 10'10'' x 9'0'' | ||
| Second Level | Primary Bedroom | 14'10'' x 11'5'' | ||
| Basement | Kitchen | 7'0'' x 5'0'' | ||
| Basement | 3pc Bathroom | Measurements not available | ||
| Basement | Bedroom | 17'6'' x 7'7'' | ||
| Basement | Bedroom | 9'0'' x 10'1'' | ||
| Main Level | 2pc Bathroom | Measurements not available | ||
| Main Level | Kitchen | 17'11'' x 15'7'' | ||
| Main Level | Living Room | 19'11'' x 10'10'' |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/28659267/988-prosperity-court-london
619 Wild Ginger Ave. Unit D23
Waterloo, Ontario N2V 2X1
(519) 880-8866
(519) 886-0877
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July 28 2025 04:44:52
Kitchener-Waterloo Association of REALTORS®
Smart From Home Realty Limited