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Richard Rutkowski

[email protected] +1(905) 876-6660

$ 864,900

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Active

587 Lambton ST London East, ON N5Y 4G1

2 Beds

3 Baths

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision East B

MLS Listing ID X13798490

Style 2-Storey

Bedrooms 2

Annual Tax Amount $10,143

Tax Year 2026

Property Sub-Type Detached

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.

Location

Province ON

County Middlesex

Area Middlesex

Rooms

Family Room No

Basement Finished

Kitchen 1

Separate Den/Office 1

Interior

Interior Features Water Heater Owned

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Pool None

View City

Roof Type Metal

Lot Frontage 48.85

Lot Depth 143.71

Total Parking Spaces 8

Building

Building Age 51-99

Unit Features Public Transit,School

Foundation Concrete Block

Others

ParcelsYN No

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Listed by RE/MAX CENTRE CITY REALTY INC.

NEARBY SCHOOLS & PROPERTIES

Richard Rutkowski

License Partner | Broker of Record License ID: HBRUTKORI

+1(905) 876-6660

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