Just Listed
Address
587 Lambton Street, London East, ON
Price
$ 864,900
Property Attributes
- MLS#X13798498
- TypeCommercial
- Listing Status New
- CityLondon East
- AreaEast B
- NeighbourhoodEast B
- Postal CodeN5Y 4G1
- StyleProfessional Office
- Taxes$ 10143
- Price$ 864,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2330
Data Source:
Toronto Real Estate Board (TRREB)
Property 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.
| Price History | |
|---|---|
| 9/17/2026 | Listed $864,900 |
General Features
| Cooling | Yes |
|---|---|
| Utilities | Yes |
| Security Features | No |
| Heater Type | Gas Forced Air Closed |
| Parking Spaces | 8 |
| Property Subtype | Office |
| Tax Year | 2026 |
| Lot Depth | 143.71 |
| Business Type | Professional Office |
| Community Features | Public Transit |
| County | Middlesex |
| New Construction | No |
| Property Type | Commercial |
| Attached Garage | No |
| Garage Y/N | No |
| Status | New |
| City | London East |
| Senior Community Y/N | No |
| Lot Size Units | Feet |
| Property Attached Y/N | No |
| Tax Annual Amount | 10143.5 |
| Virtual Tour | https://unbranded.youriguide.com/587_lambton_st_london_on/ |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Owner |
Interior Features
| Basement (Y/N) | Yes |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Elevator? | No |
Exterior Features
| Garage Type | None |
|---|---|
| Spa | No |
| Building Area Total | 2330.38 |
| Lot Size Source | MPAC |
| Waterfront Y/N | No |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in N5Y 4G1
Price
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