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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115 Walnut Avenue

Niagara Toronto M5V 2S1

$3,750,000 /For Sale

Commercial

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• Details
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Status:

Active

Prop. Type:

Commercial

MLS® Num:

C12545310

• Photos (29)

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Versatile live/work detached property across from Stanley Park! This unique property, with over 30 ft of frontage facing Stanley Park, offers approximately 3,877 sq ft of finished indoor space across three levels, plus a private rooftop patio, blending modern functionality with exceptional flexibility for residential and commercial use (currently used and taxed residential), this modern, open-concept layout offers high ceilings, and abundant natural light throughout. There are two dedicated rear parking spaces, plus municipal street parking passes available. Property is located directly across from Stanley Park, which feature an outdoor pool, baseball diamond, tennis/pickleball courts, and an off-leash dog park - an ideal location for an integrated live/work lifestyle. Available vacant. EXPANSION OPPORTUNITY! City of Toronto approved variance (inquire for copy of approved plans) permits the addition of 1,661 sq ft of extra indoor space, along with 762 sq ft of balcony and rooftop deck area, offering further development potential. An excellent opportunity for end-users, investors, or entrepreneurs looking to secure a high exposure, multi-functional space in a sought-after downtown neighborhood. Ideal commercial uses with rear loading bay and ability to separate into 3 units: as office for professionals (lawyers, architects, engineers, realtors, insurance and mortgage). for health care professionals (doctors, specialists and nurses) and med spa/personal services (hair salon, nails).

General Info:

Property Type:

Commercial

Property Sub Type:

Investment

Freestanding:

Yes

Total Area:

3877 sq. ft. Square Feet

Total Area:

3,877 sq. ft.360 m2

Lot Depth:

85'2⅞"26 m

Lot Frontage:

33'8¾"10.3 m

Water supply:

Municipal

Zoning:

R3 Z1.5

Additional Info:

Heating type:

Gas Forced Air Open

Garage:

Outside/Surface

Parking Spaces:

2

Possession Details:

Immediate

Lot Irregularities:

Irregular

Financial Info:

HST Applicable To Sale Price:

In Addition To

Type Taxes:

Annual

Taxes:

$15,637 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C01

Listing Sub-Area:

Niagara

Security Features:

Yes

Elevator:

None

Other Details:

Utilities:

Available

Air Conditioning:

Yes

Seller Property Info Statement:

No

Business Info:

Category:

Apartment

Listing Info:

Date Listed:

Nov 14, 2025

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Listed by LENNARD COMMERCIAL REALTY

Data was last updated November 15, 2025 at 04:15 AM (UTC)

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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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.

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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.