988 PROSPERITY Court
London, Ontario
5 bed • 3 bath • Single Family
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!
Price History
Schools
Elementary
- Forest City Public School Public School0.6 km
Public · Thames Valley DSB · 345 students
Grade 3 reading: 50% met the provincial standard · Grade 6 math: 19% met the provincial standard
- Evelyn Harrison Public School0.9 km
Public · Thames Valley DSB · 270 students
Grade 3 reading: 50% met the provincial standard · Grade 6 math: 40% met the provincial standard
- Robarts Provincial School for the Deaf1.1 km
Provincial · Provincial and Demonstration Schools
Secondary
- Robarts Provincial School for the Deaf1.1 km
Provincial · Provincial and Demonstration Schools
- Robarts/Amethyst Demonstration Secondary School1.1 km
Provincial · Provincial and Demonstration Schools
- John Paul II Catholic Secondary School1.2 km
Catholic · London District Catholic School Board · 940 students
Grade 10 literacy: 71% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N5V
- Population
- 32,961
- Private dwellings
- 13,236
- Median age
- 36.4
- Average household size
- 2.6
- Median household income
- $74,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in London · last 12 months
- Median sold price
- $0
- Homes sold
- 0
- Median days on market
- 0
- Sale-to-list price
- 0.0%
Based on 0 recorded sales of single family properties in London over the last 12 months.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Mortgage Calculator
$111,800
Estimated Monthly Payment
$2,746
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,746/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $140/mo
Estimates only. Consult a financial advisor.
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