For Sale: 587 Lambton Street, London, ON - REW
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$864,900
3 bd • 3 ba • 2000 - 2499 sf • House
587 Lambton Street
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$864,900
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587 Lambton StreetLondon, ON, N5Y 4G1

North London
  • 3 Bed
  • 3 Bath
  • 2000 - 2499 Sqft
  • House

About this home

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, offering a range of permitted uses. A rare opportunity to own a flexible mixed-use property with multiple potential revenue streams. (id:63626)
Listed by: HAYLEY VANDERGOOT, Salesperson, RE/MAX CENTRE CITY REALTY INC.

Home facts and features

Price details
List Price
$864,900
Get Pre-Approved
Gross Taxes for 2026
$10,144
Home facts
Bedrooms
3
Full Bathrooms
2
Partial Bathrooms
1
Parking Spaces
8
Parking Details
No Garage
Property Type
House
Lot Size
48 ft x 143 ft (7026 ft²)
Depth
143.7 feet
Frontage
48.1 feet
Title
Freehold
Exterior Finish
Brick
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Finished,
Appliances
Refrigerator, Stove, Washer, Water Heater, Window Coverings
Community
Agent details
Primary Agent
Primary Broker
RE/MAX CENTRE CITY REALTY INC.
Secondary Agent
CARL VANDERGOOT
Secondary Broker
RE/MAX CENTRE CITY REALTY INC.
Listing details
Days on REW
1 Day
MLS® Number
X13798490
Source
Canadian Real Estate Association
Board
London and St. Thomas Association of REALTORS®
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25 Years
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3.99%

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Property Insights

St Michael School
  • Catholic
  • JK - 8
Northbrae Public School
  • Public
  • JK - 8
Ryerson Public School
  • Public
  • JK - 8
Louise Arbour French Immersion Public School
  • Public
  • K - 8
Knollwood Park Public School
  • Public
  • JK - 8
Monseigneur-Bruyère
  • Catholic
  • 7 - 12
St Georges Public School
  • Public
  • JK - 8
Lord Elgin Public School
  • Public
  • JK - 8
East Carling Public School
  • Public
  • JK - 8
Sir John A Macdonald Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
HAYLEY VANDERGOOT
Office:
519-667-1800
Salesperson
CARL VANDERGOOT
Cell:
519-667-1800
Office:
519-667-1800
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