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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1116 College Street
Little Portugal Toronto M6H 1B5

$2,595,000 /For Sale
Commercial

Main Photo: 1116 College Street in Toronto: Little Portugal Commercial for sale (Toronto C01)  : MLS®# C13110170
Photo 1: 1116 College Street in Toronto: Little Portugal Commercial for sale (Toronto C01)  : MLS®# C13110170
Photo 2: 1116 College Street in Toronto: Little Portugal Commercial for sale (Toronto C01)  : MLS®# C13110170
Photo 3: 1116 College Street in Toronto: Little Portugal Commercial for sale (Toronto C01)  : MLS®# C13110170
Photo 4: 1116 College Street in Toronto: Little Portugal Commercial for sale (Toronto C01)  : MLS®# C13110170
Photo 5: 1116 College Street in Toronto: Little Portugal Commercial for sale (Toronto C01)  : MLS®# C13110170
Photo 6: 1116 College Street in Toronto: Little Portugal Commercial for sale (Toronto C01)  : MLS®# C13110170
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Photo 8: 1116 College Street in Toronto: Little Portugal Commercial for sale (Toronto C01)  : MLS®# C13110170
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Photo 21: 1116 College Street in Toronto: Little Portugal Commercial for sale (Toronto C01)  : MLS®# C13110170
Photo 22: 1116 College Street in Toronto: Little Portugal Commercial for sale (Toronto C01)  : MLS®# C13110170
Photo 23: 1116 College Street in Toronto: Little Portugal Commercial for sale (Toronto C01)  : MLS®# C13110170
Photo 24: 1116 College Street in Toronto: Little Portugal Commercial for sale (Toronto C01)  : MLS®# C13110170
Photo 25: 1116 College Street in Toronto: Little Portugal Commercial for sale (Toronto C01)  : MLS®# C13110170
Photo 26: 1116 College Street in Toronto: Little Portugal Commercial for sale (Toronto C01)  : MLS®# C13110170
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13110170
Solid income producing asset at College and Dufferin. Building in great shape. $162K Gross Annual Rent! 5.4% Cap! All Major Capital Improvements Done Recently. Great Commercial Tenants. Market Rents For Apts. All Units Span The Entire Floor Plate With Front And Rear Access. Parking Accessible By Laneway. Floorplans, Rent Roll & Expenses in Attachments. Close To Dufferin Grove Park, TTC, College St Restaurants. Multiple High Density Developments Underway Along Dufferin.
Property Type:
Commercial
Property Sub Type:
Store W Apt/Office
Freestanding:
No
Total Area:
4290 sq. ft. Square Feet
Total Area:
4,290 sq. ft.
Retail Area:
2090 sq. ft. Sq Ft
Office/Apt Area:
2260 sq. ft. Sq Ft
Lot Depth:
101'7"
Lot Frontage:
16'6"
Water supply:
Municipal
Zoning:
CR (2.5, C1.0, R2.0) SS2 x (1571)
Heating type:
Gas Forced Air Closed
Clear Height:
8'
Garage:
None
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$14,319.84 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Little Portugal
No
S/S Appliances 2 Stoves, 2 Fridges, 2D/W, 2 Microwaves, 2 W/D, 2 Electric Fireplaces, 2 Wall Ac Units, New Radiators, Elf's, Laminate Flooring, Insulation, New Bathrooms, 400 Amp Service, Gas Boiler 2018, Roof & Stucco 2015, 2 Parking Spots.
None
No
Utilities:
Yes
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Gross income:
$162,385
Expenses Actual/Estimated:
Actual
Heating Expenses:
$1,995
Hydro Expenses:
$0
Insurance Expenses:
$4,000
Tax Expenses:
$14,319
Water Expenses:
$2,700
Year Expenses:
2025
Category:
Store With Apt/Office
Chattels:
No
LLBO:
No
Date Listed:
May 11, 2026
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Data was last updated May 11, 2026 at 10:15 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.