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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108 40 New Delhi Drive
Cedarwood Markham L3S 0B5

$449,000 /For Sale
Commercial

Main Photo: 108 40 New Delhi Drive in Markham: Cedarwood Commercial for sale : MLS®# N13342620
Photo 1: 108 40 New Delhi Drive in Markham: Cedarwood Commercial for sale : MLS®# N13342620
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
N13342620
Bus Major:
Retail Store Related
Beautifully renovated two-storey commercial unit offering approximately 734 sq. ft. of highly functional and versatile space in a well-established and busy commercial plaza. This bright and modern unit features a welcoming reception area that creates a strong professional first impression, a convenient kitchenette, and two well-appointed bathrooms-one on each level.The thoughtfully designed layout allows for flexible use, with distinct upper and lower levels that can support a variety of professional or retail configurations. Ideal for end-users or investors seeking a multi-purpose commercial space in a high-demand location.Situated in a high-traffic plaza with ample on-site parking, the unit benefits from excellent visibility and strong exposure facing New Delhi Drive, providing outstanding signage and branding opportunities.Strategically located in a thriving commercial corridor surrounded by major national retailers including Costco and Home Depot, as well as banks and a wide range of established businesses, this property offers exceptional accessibility and convenience for both clients and staff.This is an excellent opportunity to acquire a turnkey commercial unit suitable for a wide range of uses including office, mortgage brokerage, legal services, accounting, insurance, real estate brokerage, educational or training center, travel agency, and other professional uses. Perfect for end-users or investors looking to secure a strong asset in a growing commercial hub.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
734 sq. ft. Square Feet
Total Area:
734 sq. ft.
Retail Area:
367 sq. ft. Sq Ft
Office/Apt Area:
367 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Bathrooms:
2.0
Water supply:
Municipal
Zoning:
MC406SC
Heating type:
Gas Forced Air Open
Garage:
Plaza
Possession Details:
Flexible
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$3,861 / 2026
Assessment:
$- / -
York
Markham
Cedarwood
No
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Condo Fee:
$350
Major Business Type:
Retail Store Related
Category:
Multi-Use
Date Listed:
Jun 06, 2026
Original Price:
Previous Price:
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Listed by PUBLIC TRUST REALTY INC.
Data was last updated June 15, 2026 at 06:15 AM (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.