Single Family Residence for sale at 988 Prosperity Court, London, ON, N5V 5C7 - East D - MLS: 40814471

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988 Prosperity Court

London, ON, N5V 5C7 - East D

$595,000

Neighbourhood

East D
Major Intersection

Listed Since: 1 day(s)
Last update: today

Overview

Property Type

Single Family Residence, Two Story
Bedrooms

3 + 2
Bathrooms

3
Basement

Separate Entrance, Walk-Up Access, Full, Finished, Sump Pump
Kitchen

n/a
Total Parking

4
Lot Size

Available Upon Request
Taxes

$4,543.00 (2025)
Type

Freehold

Property Description

Property description for 988 Prosperity Court, London

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!

Listed by SMART FROM HOME REALTY LIMITED

Property details

MLS #

40814471
Sq. Ft

1950
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1998
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

4
Family Room

n/a
Den

n/a
Exterior

Brick, Vinyl Siding
Fireplace

n/a
Roof

Shingle
Foundation

Concrete Perimeter
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air, Natural Gas
A/C

Central Air
Water

Municipal-Metered
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

MLS #

40814471
Sq. Ft

1950
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1998
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

4
Family Room

n/a
Den

n/a
Exterior

Brick, Vinyl Siding
Fireplace

n/a
Roof

Shingle
Foundation

Concrete Perimeter
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air, Natural Gas
A/C

Central Air
Water

Municipal-Metered
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

Living Room

6.07 x 3.30 ft Main level
Bathroom

false Second level

3-Piece
Bedroom

3.30 x 2.74 ft Second level
Kitchen

5.46 x 4.75 ft Main level
Bedroom

3.48 x 2.97 ft Second level
Bedroom Primary

4.52 x 3.48 ft Second level

Walk-in Closet
Bathroom

false Basement level

3-Piece
Bedroom

5.33 x 2.31 ft Basement level
Kitchen

2.13 x 1.52 ft Basement level
Bedroom

2.74 x 3.07 ft Basement level
Bathroom

false Main level

2-Piece

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 988 Prosperity Court, London

This property has been sold 7 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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