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Est. payment /mo
New
587 Lambton ST London East, ON N5Y 4G1
2,330 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,330 sqft
Subdivision East B
MLS Listing ID X13798498
Annual Tax Amount $10,143
Tax Year 2026
Property Sub-Type Office
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.
Location
Province ON
County Middlesex
Area Middlesex
Zoning OC5-R2-2
Interior
Cooling Yes
Inclusions All existing: fridge in lower unit, stove in lower unit, fridge in upper unit, stove in lower unit, 2 owned hot water heaters, coin operated washer and dryer. all window coverings.
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 48.85
Lot Depth 143.71
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
Virtual Tour https://unbranded.youriguide.com/587_lambton_st_london_on/
Listed by RE/MAX CENTRE CITY REALTY INC.
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145 Wharncliffe Rd S, London, ON N6J 2K4, CAN
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