587 Lambton Street — photo 1For sale

This one's priced above recent comparable sales, and new this week. Here's everything I've got — ask me anything about it.

London East · East B

587 Lambton Street

Detached

MLS® #X13798490

Listed for$864,9001 day on market
2+1 bed 3 bath 8 parking 2000-2500 sq ft~$384/sq ft
  • New this week
  • Transit stop ~70.3 km
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Is $864,900 a fair price?

Our read: it’s priced above recent comparable sales — based on 44 sales nearby. Sign in free to see exactly how far above it is, plus the full range comparable homes sold in.

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Measured against 44 recent comparable sales nearby — sign in free to see the range they sold in (boards require a verified email · VOW rules).

Est. all-in monthly~$4,870/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.

On the map

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This home below comps above in lineOpen full map →

0 schools within ~1 km · nearest transit stop ~70.25 km

Property information
What house buyers ask first
Lot size
48.85 × 143.71 ft
Square footage
2000-2500 sq ft
Age
~51-99 years old
Property tax
$10,144 / yr
Parking
8 spaces · None
Basement
Finished

Property summary

Property type
Detached
Style
2-Storey
Approx. age
51-99 years
Lot size
48.85 × 143.71 ft
Parking
8 spaces · None
Heating
Forced Air
Air conditioning
Central Air
Basement
Finished
Kitchens
1
Exterior
Brick
Property tax
$10,144 / yr
MLS®
X13798490

As stated by the MLS®, nothing inferred.

Nearby homes for sale

Below-comps first · all nearby homes shown, not just the good-value ones.

687 Cheapside StreetDetached

$389,900

Below recent sales

687 Cheapside Street

2+1 bed · 2 bath·700-1100 sq ft·6 parking

London

Listed 3 days ago · Nu-Vista Pinnacle Realty Brokerage Inc

39 Balmoral AvenueDetached

$419,900

Below recent sales

39 Balmoral Avenue

1+1 bed · 1 bath·700-1100 sq ft·2 parking

London

Listed 1 day ago · Century 21 Heritage House Ltd

964 MAITLAND StreetDetached

$650,000

In line with recent sales

964 MAITLAND Street

3 bed · 2 bath·1500-2000 sq ft·4 parking

London

Listed 1 day ago · Royal LePage Triland Realty

444 Grosvenor StreetDetached

$549,900

Above recent sales

444 Grosvenor Street

3 bed · 2 bath·700-1100 sq ft·3 parking

London

Listed 1 day ago · Century 21 First Canadian Corp

The numbers that matter
The numbers that matter
Property tax
$10,144/yr
Est. all-in
~$4,870/mo
Nearby rental listings are facts. Whether it works as a rental is a chat with Alex — not a number I’ll put on it.
Schools

We list nearby schools as factual locations only. For this home, check the authoritative tools directly:

Browse schools near this home Nearby elementary & secondary schools, mappedCheck provincial results — EQAO Official Ontario assessment results, searchable by school
Getting around

Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.

  • Kitchener GurdwaraNearest transit · Bus stop~70.3 km

Locations: OpenStreetMap public-transit stops, © OpenStreetMap contributors · Open Database Licence (ODbL). Stop locations from OpenStreetMap — confirm current routes and service with the transit agency.

Community — London East
$540KMedian sold
37Median days on market
97.4%Sale-to-list
Median sold price · London East1-yr -7% · 3-yr —
Source: TRREB sold data via Repliers · all property types
Description & details

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.

The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.

Listed by RE/MAX CENTRE CITY REALTY INC.. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.