$864,900
Available - For Sale
Listing ID: X13798490
587 Lambton Street , London East, N5Y 4G1, Middlesex
| 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 OC2/R2, offering a range of permitted uses. A rare opportunity to own a flexible mixed-use property with multiple potential revenue streams. |
| Price | $864,900 |
| Taxes: | $10143.50 |
| Occupancy: | Owner |
| Address: | 587 Lambton Street , London East, N5Y 4G1, Middlesex |
| Directions/Cross Streets: | Lambton / Adelaide |
| Rooms: | 8 |
| Rooms +: | 3 |
| Bedrooms: | 2 |
| Bedrooms +: | 1 |
| Family Room: | F |
| Basement: | Finished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Office | 12.33 | 11.38 | |
| Room 2 | Main | Office | 12.27 | 11.35 | |
| Room 3 | Main | Bathroom | 5.05 | 5.12 | 2 Pc Bath |
| Room 4 | Main | Other | 35.62 | 17.06 | |
| Room 5 | Main | Other | 3.67 | 6.43 | |
| Room 6 | Second | Bedroom | 14.73 | 11.15 | |
| Room 7 | Second | Bedroom 2 | 12.43 | 11.38 | |
| Room 8 | Main | Bathroom | 4.72 | 7.74 | 4 Pc Bath |
| Room 9 | Second | Living Ro | 12.23 | 13.32 | |
| Room 10 | Second | Dining Ro | 8.13 | 13.32 | |
| Room 11 | Second | Kitchen | 15.28 | 10.07 | |
| Room 12 | Basement | Recreatio | 21.91 | 10.99 | |
| Room 13 | Basement | Bedroom 3 | 14.24 | 10.73 | |
| Room 14 | Basement | Bathroom | 5.81 | 5.44 | 3 Pc Bath |
| Room 15 | Basement | Utility R | 20.6 | 11.05 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 2 | Main |
| Washroom Type 2 | 3 | Basement |
| Washroom Type 3 | 4 | Second |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Detached |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| Drive Parking Spaces: | 8 |
| Pool: | None |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 2000-2500 |
| Property Features: | Public Trans, School |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX CENTRE CITY REALTY INC. |
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|
Kambiz Farsian
Sales Representative
Dir:
416-317-4438
Bus:
905-695-7888
Fax:
905-695-0900
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East B |
| Style: | 2-Storey |
| Approximate Age: | 51-99 |
| Tax: | $10,143.5 |
| Beds: | 2+1 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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