Views
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)
- CountyLondon and St. Thomas Association of REALTORS
- CityLondon East (East B)
- AreaEast B
- NeighborhoodEast B
- ZipN5Y 4G1
- Style
- Price$ 864,900
- Bedrooms2+1
- Bathrooms2
- Half Bathrooms1
Data Source:
Canadian Real Estate Association (CREA)
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. (id:7434)
General Features
| Property Type | Single Family |
|---|---|
| Zoning Description | OC5 R2-2 |
| CommunityName | East B |
| Amenities | Public Transit, Schools |
| Building Age | 51 to 99 years |
| Building Appliances | Water Heater, Stove, Washer, Window Coverings, Refrigerator |
| Building Cooling Type | Central air conditioning |
| Location Description | Cross Streets: Lambton / Adelaide. ** Directions: Located on Lambton Street, just north of Oxford Street East, with convenient access to AdelaideStreet North and nearby major routes. |
| Parking Space Total | 8 |
| Foundation Type | Block |
| Building Type | House |
| Ownership Type | Freehold |
| Building.StoriesTotal | 2 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Basement Development | Finished |
| Basement Type | N/A (Finished) |
| Construction Style Attachment | Detached |
| Living Area Range | 2000 |
| Bedrooms | 2+1 |
Exterior Features
| ViewType | City view |
|---|---|
| Land Amenities | Public Transit, Schools |
| Sewer | Sanitary sewer |
| Exterior Finish | Brick |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Bathroom | 1.44 m x 2.36 m | Main level | 2.36 m | |
| Bedroom | 4.49 m x 3.4 m | Second level | 3.4 m | |
| Bedroom 2 | 3.79 m x 3.47 m | Second level | 3.47 m | |
| Bedroom 3 | 4.34 m x 3.27 m | Basement | 3.27 m | |
| Dining room | 2.48 m x 4.06 m | Second level | 4.06 m | |
| Kitchen | 4.66 m x 3.07 m | Second level | 3.07 m | |
| Laundry room | 4.77 m x 3.09 m | Basement | 3.09 m | |
| Living room | 3.73 m x 4.06 m | Second level | 4.06 m | |
| Office | 3.74 m x 3.46 m | Main level | 3.46 m | |
| Other | 1.12 m x 1.96 m | Main level | 1.96 m | |
| Recreational, Games room | 6.68 m x 3.35 m | Basement | 3.35 m | |
| Utility room | 6.28 m x 3.37 m | Basement | 3.37 m |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No HOA 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 Neighborhood
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
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$ 719,000
- Type
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- 3 Beds + 2 Baths
RIGHT AT HOME REALTY
Just Listed
London East (East B)
$ 574,900
- Type
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- 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
Primary On Main
London East (East B)
$ 549,900
- Type
- Single Family
- Rooms
- 3 Beds + 1 Baths
PRIME REAL ESTATE BROKERAGE
London East (East B)
$ 650,000
- Type
- Single Family
- Rooms
- 3 Beds + 2 Baths
ROYAL LEPAGE TRILAND REALTY
Golf Course
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$ 1,299,000
- Type
- Single Family
- Rooms
- 4 Beds + 2.5 Baths
THRIVE REALTY GROUP INC.
London East (East B)
$ 599,900
- Type
- Single Family
- Rooms
- 3 Beds + 1.5 Baths
CENTURY 21 FIRST CANADIAN CORP
Water Views
London East (East B)
$ 999,900
- Type
- Single Family
- Rooms
- 4 Beds + 3 Baths
THRIVE REALTY GROUP INC.
Views
London East (East B)
$ 837,000
- Type
- Single Family
- Rooms
- 4 Beds + 2 Baths
TEAM GLASSER REAL ESTATE BROKERAGE INC.
Primary On Main
London East (East B)
$ 684,900
- Type
- Single Family
- Rooms
- 2 Beds + 2 Baths
ROYAL LEPAGE TRILAND REALTY
