Looking for a commercial residential for sale? These mixed-use properties offer flexibility and income potential, blending business space with residential living. Whether you’re an investor, entrepreneur, or buyer seeking passive income, commercial-residential real estate presents excellent long-term value.

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10 Lincoln Street
Central West Ajax L1S 6C8

$1,999,000 /For Sale
Commercial

Main Photo: 10 Lincoln Street in Ajax: Central West Commercial for sale : MLS®# E13817988
Photo 1: 10 Lincoln Street in Ajax: Central West Commercial for sale : MLS®# E13817988
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
E13817988
Bus Major:
Apts - 2 To 5 Units
Rare opportunity to own a beautifully renovated legal triplex in the heart of Pickering Village, Ajax. This exceptional property offers three spacious 2-bedroom units, each fully renovated with modern kitchens, updated bathrooms and flooring. Situated on an expansive lot with 8 parking spaces plus a 2-car garage, this property offers an excellent opportunity for an investor seeking income-producing units with the flexibility for owner-occupancy or multi-generational living. Additional rental income potential from parking and garage space. Each apartment has a separate hydro meter, with hydro paid directly by the tenants. The property also features a high-efficiency tankless combination heating and hot water system. Situated within steps of all local Pickering Village amenities, including adjacent commercial laundry and wash-and-fold services. Seller-provided estimated market rents: *Main floor 2 bedroom with w/o to fenced yard - $2,800 plus hydro* *Second floor 2 bedroom $2,600 plus hydro* *Third floor 2 bedroom (temporarily occupied by a friend of the Seller) $2,500 plus hydro = $94,800* -- Annual operating expenses: Property Taxes $7,699 (2026) -- Property Insurance $3,030 -- Gas (Tankless heat & hot water) $1,095 -- Hydro $663 (This is for the house meter, apartments have separate meters paid by tenants -- Water/sewer $1,338 -- Snow & grass $2,202 = $16,027
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
2700 sq. ft. Square Feet
Total Area:
2,700 sq. ft.
Lot Depth:
89'5"
Lot Frontage:
70'1"
Lot Shape:
Irregular
Bathrooms:
3.0
Water supply:
Municipal
Zoning:
R1-B VC2
Heating type:
Gas Hot Water
Garage:
Double Detached
Parking Spaces:
10
Possession Details:
15-75 Days/Flexible
Lot Irregularities:
69.9, 86.97
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$7,699 / 2026
Assessment:
$- / -
Durham
Ajax
Central West
No
Three SS fridges, stove, dishwasher and microwave. Sliding glass doors. Abundant parking and large 2 car garage.
Utilities:
Yes
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
Yes
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Chattels:
Yes
Outside Storage:
Yes
Date Listed:
Sep 23, 2026
Original Price:
Previous Price:
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Listed by Re/Max Hallmark First Group Realty Ltd.
Data was last updated September 23, 2026 at 07:15 PM (UTC)
DARYL  KING
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Why Choose a Commercial Residential Property?

Dual Income Potential – Earn from both residential tenants and commercial leases
Ideal for Business Owners – Live and work in the same space or rent one out
High Demand in Urban Centers – Great appreciation in key GTA neighborhoods
Tax Benefits – Potential deductions for property taxes, mortgage interest, and depreciation

Explore Commercial Residential Across the GTA

From downtown Toronto storefronts with apartments above to suburban mixed-use lots, the GTA offers diverse opportunities. Consider locations like:

  • Hamilton & Durham – More affordable options with upside potential
  • Toronto Core – High foot traffic and visibility
  • Vaughan & Richmond Hill – Rapid suburban growth

Tips for Buying a Commercial Residential Property

Make sure to research zoning laws, expected rental yields, and property management needs. Consult professionals for financing, legal advice, and inspections.

Start Your Search for a Commercial Residential Property Today

Browse our listings to find a property that suits your investment goals or lifestyle. Whether you’re expanding a business or building long-term equity, now is the time to invest in this versatile property type.

lore More GTA Homes:

Each link provides updated listings and expert insights.

FAQs – Commercial Residential for Sale

1. What is a commercial residential property?
It’s a mixed-use property that combines residential living space with commercial units, like retail or office.

2. Are these properties good investments?
Yes. They offer dual income streams and strong appreciation in high-growth areas.

3. Can I live in the residential portion and rent the commercial part?
Absolutely. Many owners choose to occupy one space and lease the other for income.

4. What financing options are available?
You may need a commercial mortgage or mixed-use loan; rates and terms vary from traditional home loans.