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    For Sale - 587 Lambton Street, London East, Ontario

    Est payment $4,153/mo
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    Time on Jump  1 days

    AI Summary *

    • Unique mixed-use property combining commercial and residential spaces in a high-traffic area.
    • Bright 2-bedroom apartment with updated finishes, currently rented for immediate income.
    • Flexible office space with multiple areas, perfect for business or professional use.
    • Finished basement offers additional living space and future potential for rental.
    • Ample on-site parking and soundproof construction for a peaceful environment.




    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.
    Listing IDX13798490
    Address587 Lambton Street
    CityLondon East, Ontario
    Price$864,900
    Bed / Bath3 / 3 Full
    Style2-Storey, Detached
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Water Heater OwnedAmenities Public Transit, SchoolOwnership FreeholdViews CityBasement FinishedFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 8.00
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    Listing Agency:  RE/MAX CENTRE CITY REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    587 Lambton Street
    London East , Ontario
    3 3 $864,900
    Get more info