Salehian.com 647-325-5000

587 Lambton Street

East B, London East, N5Y 4G1

$864,900

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  • 2+1 bedrooms
  • 3 bathrooms
  • 8 parking
  • 2000-2500 sq ft

Listed 33 days ago · MLS® X13798490

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/R2-2, offering a range of permitted uses. A rare opportunity to own a flexible mixed-use property with multiple potential revenue streams.

Details

Type
Detached
Style
2-Storey
Age
51-99 years
Size
2000-2500 sq ft
Lot
48.85 × 143.71 ft
Basement
Finished
Garage
None
Kitchens
1
Property tax
$10,144 (2026)
Neighbourhood
East B
Municipality
London East
Price per sq ft
$384 (16% below detached houses in East B, $456)

Interior

Bedrooms
2 above ground + 1 below
Bathrooms
1 × 2-piece (main), 1 × 3-piece (basement), 1 × 4-piece (second)
Rooms
8 above ground + 3 below
Family room or den
No
Fireplace
No
Features
Water Heater Owned

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick
Roof
Metal
Foundation
Concrete Block
Age
51-99 years
Faces
South

Parking

Total parking
8

Lot

Size
48.85 × 143.71 ft

More

Possession
Flexible
Nearby
Public Transit, School
Cross street
Lambton / Adelaide

Rooms

RoomLevelSizeFeatures
OfficeMain3.76 × 3.47 m (12'4" × 11'5")
OfficeMain3.74 × 3.46 m (12'3" × 11'4")
BathroomMain1.54 × 1.56 m (5'1" × 5'1")2 Pc Bath
OtherMain10.86 × 5.2 m (35'8" × 17'1")
OtherMain1.12 × 1.96 m (3'8" × 6'5")
BedroomSecond4.49 × 3.4 m (14'9" × 11'2")
Bedroom 2Second3.79 × 3.47 m (12'5" × 11'5")
BathroomMain1.44 × 2.36 m (4'9" × 7'9")4 Pc Bath
Living RoomSecond3.73 × 4.06 m (12'3" × 13'4")
Dining RoomSecond2.48 × 4.06 m (8'2" × 13'4")
KitchenSecond4.66 × 3.07 m (15'3" × 10'1")
RecreationBasement6.68 × 3.35 m (21'11" × 11')
Bedroom 3Basement4.34 × 3.27 m (14'3" × 10'9")
BathroomBasement1.77 × 1.66 m (5'10" × 5'5")3 Pc Bath
Utility RoomBasement6.28 × 3.37 m (20'7" × 11'1")
LaundryBasement4.77 × 3.09 m (15'8" × 10'2")

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 3 grocery stores, 9 cafés and restaurants, 3 parks, 2 pharmacies. Nearest grocery: United Supermarket (100 m). Nearest park: Smith Park (600 m).

Schools nearby

Elementary

  • St. Michael Separate School Catholic
    EQAO: Gr 6 reading 94%, math 53%    10 min walk
  • Northbrae Public School
    EQAO: Gr 6 reading 85%, math 31%    12 min walk
  • Ryerson Public School14 min walk
  • Louise Arbour French Immersion Public School
    EQAO: Gr 6 reading 91%, math 70%    14 min walk

Secondary

  • École secondaire catholique École secondaire Monseigneur-Bruyère French16 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N5Y

Owners / renters
45% / 55%
Median household income
$63,600
Average age
38
Children under 15
16%
Homes
41% detached, 29% high-rise
Commute by transit
12%
Population
35,934

Languages spoken most at home besides English: Nepali 2%, Malayalam 1.7%, Arabic 1.1%, Assyrian Neo-Aramaic 1.1%.

Safety

Crime Severity Index for London police: 73 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown London: 3 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX CENTRE CITY REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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