587 Lambton St
East B, London East, Ontario N5Y 4G1
- Bedrooms
- 2+1
- Bathrooms
- 3
- Size
- 2,000–2,500sq ft
- Per sq ft
- $384at the range’s middle
- Lot
- 48.85 x 143.71 ft
- Tax a year
- $10,1442026 tax year
- Built
- 51-99
- Parking
- 8none
- Days on market
- Members
The brief
About 587 Lambton St
587 Lambton St is a 2+1-bedroom, 3-bathroom detached house in East B, London East, listed for sale at an asking price of $864,900 (MLS® X13798490).
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.
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall11/100−$2,341/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 6 homes with 3 bedrooms for lease in East B right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $10,144 / 2026
- MLS® number
- X13798490
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- 51-99
- Days on market
- Size
- 2000-2500 sqft
- Lot Size
- 48.85 x 143.71 ft
- Listed on
- Parking
- None, 8 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- East B
- Municipality
- London East
Building
- Size
- 2000-2500 sqft
- Building Age
- 51-99
- Construction
- Brick
Inside
- Bedrooms
- 2+1
- Bathrooms
- 3
- Bathroom Details
- 1 × 2pc Main, 1 × 3pc Bsmt, 1 × 4pc 2nd
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Garage Type
- None
- Additional Parking
- 8
- Total Parking
- 8
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 48.85 ft
- Depth
- 143.71 ft
- Lot Size
- 48.85 x 143.71 ft
Additional
- Foundation
- Concrete Block
- Roof
- Metal
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- All existing: Washer, dyer, fridge, stove, fridge in basement, stove in basement, all window coverings, two owned hot water heaters
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Office | 3.47 × 3.76 m | — | Main |
| Office | 3.46 × 3.74 m | — | Main |
| Bathroom | 1.56 × 1.54 m | 2 Pc Bath | Main |
| Other | 5.2 × 10.86 m | — | Main |
| Other | 1.96 × 1.12 m | — | Main |
| Br | 3.4 × 4.49 m | — | 2nd |
| 2nd Br | 3.47 × 3.79 m | — | 2nd |
| Bathroom | 2.36 × 1.44 m | 4 Pc Bath | Main |
| Living | 4.06 × 3.73 m | — | 2nd |
| Dining | 4.06 × 2.48 m | — | 2nd |
| Kitchen | 3.07 × 4.66 m | — | 2nd |
| Rec | 3.35 × 6.68 m | — | Bsmt |
| 3rd Br | 3.27 × 4.34 m | — | Bsmt |
| Bathroom | 1.66 × 1.77 m | 3 Pc Bath | Bsmt |
| Utility | 3.37 × 6.28 m | — | Bsmt |
| Laundry | 3.09 × 4.77 m | — | Bsmt |
Listing history
Buy/sell history for 587 Lambton St, London East, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $864,900 | N/A | For Sale | X13798490 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $172,980
- Total mortgage amount
- $691,920
- Total interest payment
- $491,880
- Total purchase cost
- $1,356,780
- Mortgage payment
- $3,946/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
67%Monthly carrying cost
$4,791- Rent $2,450
- Shortfall $2,341
Rental income opens at $2,450, the median asking rent of 6 comparable homes for lease in East B. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $13,773
- Total land transfer tax
- $13,773
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $9,773
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $864,900
- $9,298
- Ontario total
- $13,773
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 7,020 sq ft652 m²
- Street frontage
- 48.85 ft14.9 m
- Depth
- 143.71 ft43.8 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- No mapped wetland within 120 m120 m
- 1 water-supply well recorded within 250 m15 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 4.9 m.250 m
- Groundwater recorded about 2.7 m below ground nearbyThe middle water level in the well records within 500 m (56 records). It changes with the season and from spot to spot.500 m
- Bedrock about 39.3 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 6.7 km6.7 km
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Corporation of the City of London — Adelaide Pollution Control Plant, 960 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.40 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Detached homes for sale in East B right now
- For sale now
- 38
- Median asking price
- $762K
- New in 7 days
- 2
- Price cuts
- 29%
Middle half: $600K to $874K
14 in 28 days
11 listings
This home is asking 13% above the median.
See all homes in East BAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Michael Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 600 m | 82%Grade 6 average |
| Northbrae Public SchoolThames Valley DSB | Public · grades JK–8 | 800 m | 68%Grade 6 average |
| Old North Public SchoolThames Valley DSB | Public · grades JK–8 | 950 m | 88%Grade 6 average |
| Académie de la TamiseConseil scolaire Viamonde | French-language public · grades JK–6 | 3.4 km | 92%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 1.1 km | 57%Grade 9 math |
| London Central Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 2.3 km | 81%Grade 9 math |
| Catholic Central High SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 2.4 km | 57%Grade 9 math |
| H B Beal Secondary SchoolThames Valley DSB | Public · grades 9–12 | 2.5 km | 56%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in East B are shown to signed-in members.