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Property Description
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**
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Property Features
Cul de Sac/Dead End, Fenced Yard, Library, Park, Place Of Worship, Public Transit, In-Law Capability, Sump Pump, Water Heater, Private Double, Smoke Detector
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Property Details
Address
988 Prosperity Court
Community
City
Postal Code
N5V 5C7
Property Type
Duplex, Duplex
Zoning
R1-3
Lot Size
37' x 154'
Taxes
$4,543 (2025
Basement
Finished, Separate Entrance
Exterior
Year Round Living
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Smart From Home Realty Limited
Amazing duplex located in desirable Woodfield District. This property offers a fantastic opportunity for investors seeking rental income from both units or for homeowners looking to live in one unit while renting out the other. The main unit features three bedrooms and one bathroom along with a charming covered front porch facing west - perfect for enjoying evening sunsets. At the rear, you'll find an enclosed sunroom that provides additional living space and year round enjoyment. The unit is freshly painted. The lower level unit includes two spacious bedrooms and an open-concept layout with a living and dining area complemented by newly installed kitchen cabinets, new flooring in kitchen, living room and dining room as well as freshly painted. The property also features a detached garage currently used for storage as well as a large backyard offering plenty of outdoor space. With its prime location near parks, schools and main bus routes, this property has tremendous potential.
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Looking for a turnkey rental or multi-generational living solution? This excellent east-end duplex features lots of updates in a great location and would be perfect for an owner-occupied income property. The main floor unit has a fresh neutral decor and while retaining the benefits of a mature home, including hardwood in the living and dining rooms, tray ceilings, and rounded entryways to many rooms. The living room is bright and welcoming thanks to a large window, while a fireplace with traditional mantel provides a focal point and cozy gathering place. The adjacent dining room offers line of sight and is perfect for entertaining or holiday gatherings. The kitchen includes ceramic flooring and lots of storage in updated cabinets, plus a chef-approved gas stove. This level includes two updated bedrooms as well as a modern 4 piece bath, and the lower level has in-suite laundry and a large storage area. The upper unit (also a two bedroom) features a roomy rear-facing deck and dedicated entrance, a light-filled living room (thanks to an oversized window), updated kitchen with eat-in privileges, and a very nice 4 piece bath. The home includes a detached double car garage, long driveway for lots of parking, and well-maintained front and rear yards surrounded by mature trees. Situated on a mature street close to shopping, transit, restaurants and more, you're also close to the 401 and cross-city travel via Highbury Ave. Updates include some newer windows, new furnace (2024) and updated AC (2019). Whether you're looking for a pure income property or are considering an owner-occupied rental approach to get into the market, this home provides an excellent location and two well-laid out units that will appeal to a wide range of potential tenants. Upper unit vacant July 31, 2026 and lower unit is vacant.
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Fantastic Duplex - Core Area classic yellow brick 2 storey Building. Featuring 2 spacious renovated 2 bedroom apartments. Trendy units, great layouts, lots of parking, tenant pays hydro, water, all on separate meters. Single car detached garage detached in the rear (could be rented for extra income). Located steps from BRT corridor with easy access to downtown. Excellent rental area. Building is very well maintained over the years. Low maintenance exterior. Easy to rent, easy to manage! Currently 5% CAP Rate with room to grow! Can be purchased together with 279 Hill St. next door (5-plex) Call today to learn more.
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Visit the REALTOR website for further information about this listing. Exceptional opportunity for homeowners, investors, and business owners alike. This charming Victorian legal duplex combines character, flexibility, and income potential in the heart of Old East Village. Featuring classic period architecture, generous room sizes, and the timeless appeal of a heritage-era home, this property offers a unique alternative to newer construction. The duplex offers a vacant 3-bedroom main-floor unit available for possession August 1st, plus an upper 1-bedroom apartment providing immediate rental income. Situated on a 40-foot lot, the property features parking for up to 4 vehicles and a large private fenced backyard, providing ample outdoor space. The main-floor unit offers three bedrooms, a spacious living area, kitchen, 4-piece bathroom, and private laundry. The upper apartment features 1 bedroom, living room, kitchen, 4-piece bathroom, and its own laundry facilities. Current upper-unit tenancy (4 months into a one-year lease) provides stable income while the vacant main-floor unit offers flexibility for owner occupancy or market-rent potential. Separate laundry for each unit adds convenience and tenant appeal. The property has benefited from professional insulation upgrades, including the attic, both crawl spaces, and spray-foam insulation in the basement rim joist cavities, improving energy efficiency and year-round comfort. Located in London's vibrant Old East Village, close to downtown, Western Fair District, schools, parks, public transit, shopping, restaurants, and everyday amenities. Low property taxes further enhance the property's investment appeal. A versatile property offering character, income today, and flexibility for the future.
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Amazing Investment Opportunity Located in the heart of London! This turn-key, low-maintenance legal duplex in Old East Village will be an amazing addition to your portfolio. Close to downtown, Western Fair Farmer's Market and all amenities, including bus routes to both Fanshawe College and UWO. Perfect for anyone looking for a spacious, cash-flowing investment or a mortgage helper to ease their payments. This building features 2 spacious units and has an extensive list of recent updates: Three Hydro meters and updated Electrical Panels (2022), Roof (2014), Siding/eavestrough/soffits/fascia (2021), Updated plumbing (2021), Furnace (2019), Fence (2020-2021). In addition, there is a coin-operated shared laundry and plenty of parking. Separate entrances for both units and the full unfinished basement for storage/workshop. Both units are rented to high-quality A+ tenants for a $1650 & $1550 per month which comes to total income of $3200 monthly.
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Freshly relisted and priced for today's market. This up/down duplex offers flexibility for owner-occupiers, first-time buyers, and investors looking for an attainable entry into the London market. The upper 2-bedroom unit is vacant, allowing a buyer to move in, choose their own tenant, or reset the rental terms. Qualified owner-occupant buyers may be able to purchase with approx. $25,000 down, OAC. The property features two self-contained units with private entrances, separate hydro meters, and shared laundry. The main floor unit includes 9' ceilings, stainless steel appliances, and additional finished basement space with a rec room and den. Parking for up to 6 vehicles, generous yard space, and potential for future garage development add practical value and long-term upside. A solid opportunity for buyers seeking income support, flexibility, and room to grow.
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Welcome to 144 Adelaide St, London, a versatile duplex offering strong investment potential with both residential and possible business use. Registered with the city as a duplex, this property is ideally located close to downtown, major amenities, transit, and key attractions, making it attractive for tenants and long term growth. The home features two self contained units, both currently rented, generating a combined monthly income of $2,600 and providing immediate cash flow, with the property offering positive cash flow after expenses. The property has seen numerous updates over recent years as per previous ownership, including improvements to major systems, exterior finishes, and interior spaces, contributing to its overall functionality and appeal. Whether you are looking to expand your investment portfolio, secure a property that carries itself, or explore a mixed use opportunity, 144 Adelaide St presents excellent value in a high demand location.
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