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$864,900
Ontario,London East (East B)
For Sale Active
587 LAMBTON STREET, London East (East B), Ontario N5Y4G1
  • 2,330 Sqft
Basic Details
Description

LOCATED AT ADELAIDE / LAMBTON. HIGH TRAFFIC COUNT. Rare freehold mixed-use opportunity with income, office space and exceptional flexibility. Located in London, this OC5/R2-2 property combines an established main-floor office configuration with a separately rented 2-bedroom residential apartment above. The main level features two flexible office spaces, kitchenette and 2-piece bathroom, providing an excellent setup for an owner-user, professional office

or service-based business. The upper apartment offers 2 bedrooms, full bathroom, updated kitchen finishes and refinished hardwood flooring, providing a residential component. 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. 8 on-site parking spaces add significant value for both business and residential users. 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. 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: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: X13798498
  • Price: $864,900
  • Square Footage: 2,330 Sqft
  • Status: Active
  • Office Name: RE/MAX CENTRE CITY REALTY INC
  • Property Sub Type: Office
  • Office Key: 47253
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Fully air conditioned
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' 32.6''
Additional Information
  • Water Source:
  • Business Type: Other
  • Lot Size Dimensions: Bldg=48.85 x 143.71 FT
Financial
  • Tax Annual Amount: 10143.5
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Listing updated: 2026-10-06 17:47:16
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Listing Information
  • List Agent Key: 2105856
  • List Office Key: 47253
  • Modification Timestamp: 2026-09-18T17:15:04Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2026-09-18T17:09:37Z
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Listing updated: 2026-10-06 17:47:17
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