587 Lambton Street London East, Ontario N5Y 4G1
$864,900
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:38604)
Business
| Business Type | Other |
| Business Sub Type | Professional office(s) |
Property Details
| MLS® Number | X13798498 |
| Property Type | Office |
| Community Name | East B |
| Amenities Near By | Public Transit |
| Parking Space Total | 8 |
Building
| Age | 51 To 99 Years |
| Appliances | Dryer, Water Heater, Washer, Window Coverings |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 2330.38 Sqft |
| Size Interior | 2,330 Sqft |
| Type | Offices |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Size Depth | 143 Ft ,8 In |
| Size Frontage | 48 Ft ,10 In |
| Size Irregular | Bldg=48.85 X 143.71 Ft |
| Size Total Text | Bldg=48.85 X 143.71 Ft |
| Zoning Description | Oc5-r2-2 |
https://www.realtor.ca/real-estate/30294667/587-lambton-street-london-east-east-b-east-b
Contact Us
Contact us for more information
Hayley Vandergoot
Salesperson
www.facebook.com/hayley.remax
www.instagram.com/hayleyvandergoot.realtor/
685 Adelaide Street North
London, Ontario N5Y 2L4
(519) 667-1800
Carl Vandergoot
Broker of Record
685 Adelaide Street North
London, Ontario N5Y 2L4
(519) 667-1800
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September 18 2026 05:09:37
London and St. Thomas Association of REALTORS®
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