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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11575 Yonge Street
Jefferson Richmond Hill L4E 3N8

$2,988,000 /For Sale
Commercial

Main Photo: 11575 Yonge Street in Richmond Hill: Jefferson Commercial for sale : MLS®# N12832000
Photo 1: 11575 Yonge Street in Richmond Hill: Jefferson Commercial for sale : MLS®# N12832000
Photo 2: 11575 Yonge Street in Richmond Hill: Jefferson Commercial for sale : MLS®# N12832000
Photo 3: 11575 Yonge Street in Richmond Hill: Jefferson Commercial for sale : MLS®# N12832000
Photo 4: 11575 Yonge Street in Richmond Hill: Jefferson Commercial for sale : MLS®# N12832000
Photo 5: 11575 Yonge Street in Richmond Hill: Jefferson Commercial for sale : MLS®# N12832000
Photo 6: 11575 Yonge Street in Richmond Hill: Jefferson Commercial for sale : MLS®# N12832000
Photo 7: 11575 Yonge Street in Richmond Hill: Jefferson Commercial for sale : MLS®# N12832000
Photo 8: 11575 Yonge Street in Richmond Hill: Jefferson Commercial for sale : MLS®# N12832000
Photo 9: 11575 Yonge Street in Richmond Hill: Jefferson Commercial for sale : MLS®# N12832000
Status:
Active
Prop. Type:
Commercial
MLS® Num:
N12832000
Bus Major:
Service Related
Price Drop! Rare Opportunity to Acquire the Original 150-year-old Jefferson Schoolhouse on Yonge St - Ideal for Medical / Dental / Veterinarian / Automotive or Restaurant. Existing Heritage Building Suitable for professional office or personal services, with 14 on-site parking spaces. Large Lot with 165 ft Frontage and Potential to Build up to 8 storeys (over 50,000 GFA). Variety of Architectural Renderings Available. Prime Yonge Street Exposure: Strong Long-Term Investment and Redevelopment Upside.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Total Area:
13939 sq. ft. Acres
Total Area:
13,939.2 sq. ft.
Retail Area:
1156 sq. ft. Sq Ft
Lot Depth:
83'
Lot Frontage:
165'
Lot Details:
165.00 x 83.00 Feet
Water supply:
Well
Rooms:
0
Zoning:
Commercial
Heating type:
Gas Forced Air Closed
Cooling:
Yes
Garage:
Outside/Surface
HST Applicable To Sale Price:
In Addition To
Development Charges Paid:
No
Type Taxes:
Annual
Taxes:
$18,520 / 2025
Assessment:
$- / -
York
Richmond Hill
Jefferson
No
Water Supply Types:
Bored Well
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Service Related
Category:
Multi-Use
Date Listed:
Mar 02, 2026
Original Price:
Previous Price:
  • Photo 1: 11575 Yonge Street in Richmond Hill: Jefferson Commercial for sale : MLS®# N12832000
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  • Photo 9: 11575 Yonge Street in Richmond Hill: Jefferson Commercial for sale : MLS®# N12832000
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Listed by SUTTON GROUP-ADMIRAL REALTY INC.
Data was last updated March 2, 2026 at 12:15 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.