Gurvinder Nokwal REALTOR®
For Sale Duplex 208 days on market

$549,000 ↓ $46,000 from $595,000

Est. payment $2,431/moCalculate yours

988 Prosperity Court, London East, ON N5V 5C7

East, London, ON N5V 5C7

  • 3 + 2 Beds
  • 3 Baths
  • 1,100 Sq Ft
Map

Listing courtesy of SMART FROM HOME REALTY LIMITED MLS® X12925202

About this home

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 details

Overview

Property Type
Duplex
Style
2-Storey
For
For Sale
Status
Price Change
Approximate Age
16-30
Size
1,100 sqft

Interior

Bedrooms
3 + 2
Bathrooms
3
Kitchens
2
Basement
Finished, Separate Entrance

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air
Exterior
Brick, Vinyl Siding
Foundation
Poured Concrete
Roof
Asphalt Shingle
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
36.72 x 153.87 Feet
Parking
None garage · 4 total
Zoning
R1-3

Financial

Property Taxes
$4,543 (2025)

Location

Neighbourhood
East
Cross Street
Fanshawe College Blvd/Fleming Dr.
Direction Faces
South

Listing

MLS® Number
X12925202
Days on Market
208
Listed On
2026-03-24
Possession
Flexible
Listed By
SMART FROM HOME REALTY LIMITED

Rooms

Room Level Dimensions
Bedroom 2 Second 10′ 2″ × 9′ 2″
Living Room Main 19′ 8″ × 10′ 1″
Bedroom Basement 8′ 10″ × 10′ 2″
Kitchen Basement 6′ 11″ × 4′ 11″
Kitchen Main 17′ 1″ × 15′ 9″
Bedroom 2 Basement 17′ 9″ × 7′ 7″
Bedroom 3 Second 11′ 6″ × 9′ 10″
Bedroom Second 14′ 1″ × 11′ 6″

Features

Interior

  • In-Law Capability
  • Sump Pump
  • Water Heater

Property

  • Cul de Sac/Dead End
  • Fenced Yard
  • Library
  • Park
  • Place Of Worship
  • Public Transit

Pool

  • None
Included
Dishwasher, Dryer, Washer, Fridge, Stove
Excluded
Tenants belongings
Rental items
Hot Water Heater

Mortgage calculator

Minimum for this price: $29,900 (5.45%)

Amortization, years

Estimated mortgage payment

$2,431 per month

Principal and interest
$2,431
Property tax
$379
Estimated monthly cost
$2,809

Your mortgage

Mortgage amount
$439,200
Mortgage insurance
Not needed
Interest over 25 years
$290,056

Cash to close

Down payment
$109,800
Land transfer tax
$7,455
Total, before legal fees
$117,255
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

988 Prosperity Court, London East, ON N5V 5C7 East, London, ON N5V 5C7
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$549,000 988 Prosperity Court, London East, ON N5V 5C7
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