587 Lambton St is an office in London, listed for $864,900.
1The 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.
2The upper apartment offers 2 bedrooms, full bathroom, updated kitchen finishes and refinished hardwood flooring, providing a residential component.
3Finished basement offering additional living space with an existing kitchen area and plumbing in place, providing potential for future use.
How can Zara help?Zara · AI virtual agent · 24/7 · free
Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in London
About 587 Lambton Street
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.
London office priced at $864,900 — book a tour to see if it fits your search.
Inside 587 Lambton St
Every detail from the listing, in one place.
Type
Office
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Office
587 Lambton St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13798498$864,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 587 Lambton St Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings2,500Homes for sale here right now.
Median vs prior 90 days−1.8%Compared with May 17 – Aug 15, 2026: prices down.
Based on 1,678 sales from Aug 15 – Nov 13, 2026 (1,530 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 587 Lambton St
How much is 587 Lambton St listed for?
587 Lambton St is listed at $864,900 (MLS® X13798498). Summitly updates the price as soon as the MLS® record changes.
Has the price of 587 Lambton St changed?
No — 587 Lambton St is still listed at its original asking price of $864,900.
How many bedrooms and bathrooms does 587 Lambton St have?
The listing for 587 Lambton St doesn't publish its bedroom and bathroom count. It is a commercial property in London.
How does 587 Lambton St compare with other homes in London?
Its asking price of $864,900 is about 56% above the median sold price in London over the last 90 days, $555,000, across 1,678 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 587 Lambton St been sold before?
Summitly has no earlier MLS® sale or lease of 587 Lambton St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 587 Lambton St?
587 Lambton St is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 587 Lambton St been on the market?
57 days — 587 Lambton St was listed on September 17, 2026.
What is the land transfer tax on 587 Lambton St?
About $13,773 in Ontario land transfer tax at the asking price of $864,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 587 Lambton St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 587 Lambton St?
The listing for 587 Lambton St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for London.
When was 587 Lambton St built?
The listing for 587 Lambton St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
