587 Lambton Street, London East, ON N5Y 4G1
East B, London East · Near Lambton / Adelaide · View map
About this home
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.
The home
- Type
- Office
- Square footage
- 2330.38 sq ft
- Lot size
- 48.9 x 143.7 ft
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Driveway spaces
- 8
- Total parking
- 8
Taxes & other
- Property taxes
- $10,144/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- Flexible
- Cross street
- Lambton / Adelaide
- Neighbourhood
- East B
More
- MLS® number
- X13798498
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
587 Lambton Street, London East, ON N5Y 4G1
East B, London East · Near Lambton / Adelaide
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Listing history for 587 Lambton Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 587 Lambton Street
Answers come straight from this home’s MLS® listing.
How much is 587 Lambton Street listed for, and what would it cost each month?
587 Lambton Street is listed for $864,900. With 20% down ($172,980), the mortgage payment would be roughly $3,489 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,334 a month, all in. That figure is an illustration, not a quote.
Is 587 Lambton Street freehold or a condo, and is there a monthly fee?
587 Lambton Street is a office in East B, London East. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 587 Lambton Street have a garage and parking?
The listing does not show a garage. The driveway adds 8 spaces. In total the listing counts 8 parking spaces.
What style of home is 587 Lambton Street?
587 Lambton Street is an office. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 587 Lambton Street, and what is the lot size?
The lot is listed as 48.9 x 143.7 ft.
How is 587 Lambton Street heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 587 Lambton Street?
Property taxes are $10,144 a year (2026), or about $845 a month.
Where is 587 Lambton Street?
587 Lambton Street is in the East B community of London East. The nearest main intersection is Lambton / Adelaide. The postal code is N5Y 4G1.
Is 587 Lambton Street still for sale?
Yes. It is an active listing (MLS® X13798498). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 587 Lambton Street asking?
Similar properties for sale nearby right now include 587 Lambton Street at $864,900 (2+1 bed), 581 W William Street S at $875,000 and 846 N Richmond Street at $1,040,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 587 Lambton Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 587 Lambton Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.