587 Lambton Street, London East, ON N5Y 4G1
London East, ON N5Y 4G1
Quick cost estimateKnown monthly subtotal$4,869.53 / monthLand transfer tax $13,773One-time estimate
Quick cost estimate
$4,869.53 / monthKnown monthly subtotal
- Mortgage principal & interest
- $4,024.24
- Property tax / month
- $845.29
- Maintenance / month
- Period / amount not reported
Assumes 20% down, 5% annual interest and 25-year amortization. Illustrative rate, not a current quote.
Unknown expenses excluded. Mortgage insurance and closing costs are excluded; add insurance and utilities in the assumptions.
Land transfer tax · one time
- Transfer tax total
- $13,773
Before rebates, surcharges and fees. Not part of the monthly subtotal.
Tax assumptions & breakdown
Toronto municipal land transfer tax does not apply to this listing outside the City of Toronto.
- Ontario tax
- $13,773
- Toronto municipal tax
- $0
Current purchase scenario, before rebates, foreign-buyer taxes and fees. Confirm residence classification. Not historical tax paid; excluded from the monthly subtotal.
Ontario rates · Toronto rates (April 2026)
Eligible first-time purchasers may qualify for an Ontario land transfer tax refund of up to $4,000. Toronto buyers may also qualify for a separate municipal rebate of up to $4,475. Eligibility varies and these maximums are not guaranteed savings. See official eligibility links and details.
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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.
Home details
- Days on market
- Not reported
- Property type
- Office
- MLS® number
- X13798498
- Source status
- New
- Postal code
- N5Y 4G1
- Building area (total)
- 2,330.38 sq ft
- Lot depth
- 143.71 ft
- Garage parking spaces
- Not reported
- Total parking spaces
- Not reported
- Occupancy
- Owner
- Possession type
- Flexible
- Garage
- None
- Annual property tax
- 10143.5
- Waterfront
- No
- Heating system
- Gas Forced Air Closed
- Cooling
- Yes
- Utility services
- Yes
- MLS entry age (not confirmed DOM)
- 50 days
These details come from the listing source. Please confirm measurements and fees before making a decision.
Utilities and services
- Reported utility services
- Yes
- Heating system
- Gas Forced Air Closed
- Cooling
- Yes
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Rooms & virtual tours
Loading source-reported room dimensions…
Converted measurements are approximate. Levels and dimensions are shown only when supplied.
Room-count details have not been supplied for this listing.
Ask the listing brokerage for floor plans and measured room layouts.
Listing dates & price record
- Asking amount
- $864,900
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
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- Region / county
- Middlesex
- Municipality
- London East
- MLS® community
- East B
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Around this property
Schools, transit & everyday places
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Nearby schools
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Transit near this property
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Nearby shops & amenities
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Similar homes for sale in London East
Current public IDX listings in the same city and transaction type. These are alternatives to explore, not sold comparables or an appraisal.
Property questions
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Measurements, lot details and features are displayed as reported by the listing source or a named public dataset. Missing facts are not inferred. Confirm material details with the listing brokerage.
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It is a planning estimate based on the visible assumptions and reported property figures. It is not a lender quote, tax assessment, legal opinion or mortgage approval.
Home and neighbourhood overview
587 Lambton Street, London East, ON N5Y 4G1, London East is listed for sale as a Office. Asking price: $864,900. Occupancy is reported as Owner. MLS® X13798498.
Local context
Explore the area: London East · East B.
This overview uses facts reported by the listing and named local sources. Please confirm details with the listing brokerage.
Listing brokerage: RE/MAX CENTRE CITY REALTY INC.. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13798498. Information deemed reliable but not guaranteed.