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MLS® X13798490
London, ON
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.
Inclusions
All existing: Washer, dyer, fridge, stove, fridge in basement, stove in basement, all window coverings, two owned hot water heaters
Exclusions
None.
Broker
RE/MAX CENTRE CITY REALTY INC.
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Detached
587 Lambton Street London
London East
Built
51-99
Type
Detached
Basement
Finished
Parking
None (8)
Property Tax
~$10,144/yr
Heating
Forced Air
Buying Essentials
Square Feet
2250 sqft
Facing Direction
South
Parking
None (8)
Finances
List Price
$864,900
Price per SQFT
$384/sqft
Property Tax
~$10,144/yr
Property Specs
Property Type
Detached
MLS Size
2250 sqft
Age of Building
51-99
Basement
Finished
Living & Amenities
Heating Type
Forced Air
Features
Water Heater Owned
Policies & Utilities
Neighbourhood
London East
Listed On
Sep 17, 2026
Public Transit
School
Days on Market
Current: 51 days
12.3 x 11.4
140 sqft
12.3 x 11.4
139 sqft
2 Pc Bath
5.1 x 5.1
26 sqft
35.6 x 17.1
608 sqft
3.7 x 6.4
24 sqft
14.7 x 11.2
164 sqft
12.4 x 11.4
142 sqft
4 Pc Bath
4.7 x 7.7
37 sqft
12.2 x 13.3
163 sqft
8.1 x 13.3
108 sqft
15.3 x 10.1
154 sqft
21.9 x 11.0
241 sqft
14.2 x 10.7
153 sqft
3 Pc Bath
5.8 x 5.4
32 sqft
20.6 x 11.1
228 sqft
15.6 x 10.1
159 sqft
Rooms
16
Listed Room Area
2,518 sqft
Source
Estimated from MLS room dimensions
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