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Laxman Hanmaiahgari

info@laxmanhomes.com +1(778) 223-8193

$ 864,900

Est. payment | -/mo

3 Beds

3 Baths

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$ 864,900

Est. payment | -/mo

Save Virtual Tour

3 Beds

3 Baths

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000 - 2500

Subdivision East B

MLS® Listing ID X13798490

Bedrooms 3

Half Baths 1

Property Sub-Type Freehold

Property Description

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. (id:24570)

Location

Province ON

Rooms

Kitchen 1.0

Extra Room 1 Second level 4.66 m X 3.07 m Kitchen

Extra Room 2 Second level 4.49 m X 3.4 m Bedroom

Extra Room 3 Second level 3.79 m X 3.47 m Bedroom 2

Extra Room 4 Second level 3.73 m X 4.06 m Living room

Extra Room 5 Second level 2.48 m X 4.06 m Dining room

Extra Room 6 Basement 6.68 m X 3.35 m Recreational, Games room

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N Yes

View City view

Attached Garage No

Total Parking Spaces 8

Garage No

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Ownership Freehold

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Listed by RE/MAX CENTRE CITY REALTY INC.

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(778) 223-8193

info@laxmanhomes.com

# 500 666 Burrard Street, Vancouver, Columbia V6C3P6, Canada

587 LAMBTON STREET London East (east B), ON N5Y4G1

Laxman Hanmaiahgari

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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587 LAMBTON STREET