$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
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
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
Estimated mortgage payment
$2,431 per month
- Principal and interest
- $2,431
- Property tax
- $379
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $117,255
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
This photo could not be loaded.