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$864,900
Ontario,London East (East B)
For Sale Active
587 LAMBTON STREET, London East (East B), Ontario N5Y4G1
  • 3
  • 3
  • 2000 - 2500Square Feet
Basic Details
Description

LOCATED AT ADELAIDE / LAMBTON, HIGH TRAFFIC COUNT WITH EXCELLENT COMMERCIAL/RESIDENTIAL USE. Unique freehold mixed-use opportunity in a great London location! This versatile property offers a combination of commercial space, residential income and additional living flexibility, all on one property. The upper level features a bright 2-bedroom apartment with a full 4-piece bathroom, updated kitchen finishes and refinished hardwood floors,

currently rented and providing immediate income. The main floor offers flexible office space with two separate office/flex areas, a kitchenette and 2-piece bathroom, making it ideal for a business owner or professional office. Finished basement offering additional living space with an existing kitchen area and plumbing in place, providing potential for future use. Basement has not been rented in many years. Buyer to verify continued use. Situated on a property with 8 on-site parking spaces accessible off of Lambton Street, this building offers exceptional flexibility for an owner-user, investor or entrepreneur looking to combine residential and commercial uses. Additional updates include a metal roof and eavestroughs (2020/21), two owned hot water tanks (2020), newer front door, dedicated bell fibre optic line and various updates throughout the home. The property is equipped with two furnaces, with one serving the main and lower levels and the other dedicated to the upper-level apartment. Double-brick construction with additional insulation provides excellent sound separation, making the interior remarkably quiet. Zoned OC5/R2-2, offering a range of permitted uses. A rare opportunity to own a flexible mixed-use property with multiple potential revenue streams. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: X13798490
  • Price: $864,900
  • Bedrooms: 3
  • Bathrooms: 3
  • Half Bathrooms: 1
  • View: City view
  • Square Footage: 2000 - 2500 Sqft
  • Status: Active
  • Office Name: RE/MAX CENTRE CITY REALTY INC.
  • Property Sub Type: Single Family
  • Office Key: 47253
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning
  • Basement: Finished, N/A
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, London East (East B), N5Y4G1
  • Street: Lambton
  • Street Number: 587
  • Street Suffix: Street
  • Longitude: W82° 45' 29.3''
  • Latitude: N43° 0' 33''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 48.9 x 143.7 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 10143.5
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Listing updated: 2026-09-18 01:42:29
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Listing Information
  • List Agent Key: 2105856
  • List Office Key: 47253
  • Modification Timestamp: 2026-09-17T22:00:02Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2026-09-17T21:50:46Z
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Listing updated: 2026-09-18 01:42:30
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