Address
587 Lambton Street, London East (East B), ON
Price
$ 864,900
Property Attributes
- ID#X13798490
- TypeSingle Family
- Listing Status Active
- MunicipalityLondon East (East B)
- CityLondon East (East B)
- NeighbourhoodEast B
- Postal CodeN5Y 4G1
- StyleSingle Family Dwelling
- Price$ 864,900
- Bedrooms2+1
- Bathrooms2
- Half Bathrooms1
- Sqr Footage2500
Data Source:
RLP - CREA EN
Property Description
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.
General Features
| Zoning | OC5 R2-2 |
|---|---|
| Terms | SALE |
| Neighbourhood | East B |
| Construction Style | Detached |
| Property Sub Type | Single Family |
| jumpId | 29237656 |
| Property Subtype French | Single Family Dwelling |
| Listing Type French | House |
| MLS | X13798490 |
| Appliances | Stove, Washer, Window Coverings, Refrigerator |
| Building Type | House |
| Property Type | Single Family |
| Sewer | Sanitary sewer |
Interior Features
| Living Area Range | 2500 sqft |
|---|---|
| Bedrooms | 2+1 |
| Basement | Finished |
| Basement Type | N/A |
| Cooling Type | Central air conditioning |
| Foundation Type | Block |
| Heating Fuel | Natural gas |
| Heating Type | Forced air |
| Beds | 3 |
| Total Baths | 2+1 |
| Total Baths | 2+1 |
| Total Half Baths | 1 |
Exterior Features
| Exterior Finish | Brick |
|---|---|
| Parking Type | No Garage |
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 Single Family Average in N5Y 4G1
Price
In The Neighbourhood
Just Listed
London East (East B)
$ 499,900
- Type
- Single Family
- Size
- 1,100 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: PRIME REAL ESTATE BROKERAGE
Just Listed
London East (East B)
$ 949,900
- Type
- Single Family
- Size
- 2,500 SqFt
- Rooms
- 7 Beds + 5 Baths
Listed by: CENTURY 21 FIRST CANADIAN CORP
Just Listed
London East (East B)
$ 1,979,900
- Type
- Single Family
- Size
- 3,500 SqFt
- Rooms
- 5 Beds + 3.5 Baths
Listed by: CENTURY 21 FIRST CANADIAN CORP
Just Listed
London East (East B)
$ 1,979,900
- Type
- Single Family
- Rooms
- 5 Beds + 3.5 Baths
CENTURY 21 FIRST CANADIAN CORP
Just Listed
London East (East B)
$ 719,000
- Type
- Single Family
- Size
- 2,000 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: RIGHT AT HOME REALTY
Just Listed
London East (East B)
$ 574,900
- Type
- Single Family
- Size
- 1,100 SqFt
- Rooms
- 3 Beds + 1 Baths
Listed by: SUTTON GROUP - SELECT REALTY
Viewed
London East (East B)
$ 549,900
- Type
- Single Family
- Size
- 1,100 SqFt
- Rooms
- 3 Beds + 1.5 Baths
Listed by: CENTURY 21 FIRST CANADIAN CORP
Just Listed
London East (East B)
$ 650,000
- Type
- Single Family
- Size
- 2,000 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Royal LePage Triland Realty
Just Listed
London East (East B)
$ 549,900
- Type
- Single Family
- Size
- 1,100 SqFt
- Rooms
- 3 Beds + 1 Baths
Listed by: PRIME REAL ESTATE BROKERAGE
Viewed
London East (East B)
$ 699,900
- Type
- Single Family
- Size
- 2,000 SqFt
- Rooms
- 5 Beds + 3 Baths
Listed by: Royal LePage Triland Realty
Just Listed
London East (East B)
$ 719,000
- Type
- Single Family
- Rooms
- 3 Beds + 2 Baths
RIGHT AT HOME REALTY
Just Listed
London East (East B)
$ 574,900
- Type
- Single Family
- Rooms
- 3 Beds + 1 Baths
SUTTON GROUP - SELECT REALTY
Primary On Main
London East (East B)
$ 549,900
- Type
- Single Family
- Rooms
- 3 Beds + 1.5 Baths
CENTURY 21 FIRST CANADIAN CORP
Water Views
London East (East B)
$ 699,900
- Type
- Single Family
- Rooms
- 5 Beds + 3 Baths
ROYAL LEPAGE TRILAND REALTY
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