587 Lambton Street,London East (East B), ON N5Y4G1
London East (East B), ON N5Y4G1
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. (id:13843)
Details
| MLS # | X13798498 |
|---|---|
| Listing Type | For Sale |
| Style | Offices |
| Status | Active |
| Days On Site | 34 |
| Listing Provided By | RE/MAX CENTRE CITY REALTY INC | HAYLEY VANDERGOOT |
Features
| SQ Feet | 2,330 |
|---|---|
| Zoning | OC5-R2-2 |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Washer, Dryer, Window Coverings, Water Heater |
| Fireplace Yes / No | No |
Parking
| Parking Total | 8 |
|---|
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 10143.5 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | London East (East B) |
| Postal Code | N5Y4G1 |
| Listing VS Median (in N5Y4G1) | |
Price: $864,900 low | high Med: $864,900 sqft: 2,330 low | high Med: 2,165 $ / sqft: $371 low | high Med: $402 On site: 34 low | high Med: 34 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| City | London East (East B) |
| Postal Code | N5Y4G1 |
| Listing VS Median (in N5Y4G1) | |
Price: $864,900 low | high Med: $864,900 sqft: 2,330 low | high Med: 2,165 $ / sqft: $371 low | high Med: $402 On site: 34 low | high Med: 34 | |
