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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1281 QUEEN Street W
South Parkdale Toronto M6K 1L6

$2,000,000 /For Sale
Commercial

Main Photo: 1281 QUEEN Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W12659500
Photo 1: 1281 QUEEN Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W12659500
Photo 2: 1281 QUEEN Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W12659500
Photo 3: 1281 QUEEN Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W12659500
Photo 4: 1281 QUEEN Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W12659500
Photo 5: 1281 QUEEN Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W12659500
Photo 6: 1281 QUEEN Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W12659500
Photo 7: 1281 QUEEN Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W12659500
Photo 8: 1281 QUEEN Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W12659500
Photo 9: 1281 QUEEN Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W12659500
Photo 10: 1281 QUEEN Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W12659500
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W12659500
An exceptional opportunity to own a prime mixed use commercial residential property in the heart of Queen West ideal for investors or end users seeking a superb location with strong long term value and income potential this well maintained property features a highly successful convenience store on the ground floor that has been operating profitably at this location for over 15 years benefiting from constant foot traffic and excellent street exposure the upper levels offer a spacious four bedroom two and a half bathroom residential unit spread across the second and third floors with generous room sizes a functional layout and excellent live work or rental flexibility a large private rooftop provides rare outdoor space with outstanding potential for entertaining relaxation or future value enhancement surrounded by transit established businesses and a vibrant community this property offers stability versatility and long term appreciation in one of Torontos most desirable corridors
Property Type:
Commercial
Property Sub Type:
Store W Apt/Office
Freestanding:
No
Total Area:
3715 sq. ft. Square Feet
Total Area:
3,715 sq. ft.
Retail Area:
2000 sq. ft. Sq Ft
Office/Apt Area:
1715 sq. ft. Sq Ft
Lot Depth:
122'
Lot Frontage:
17'
Water supply:
Municipal
Zoning:
COMM / RES
Heating type:
Gas Hot Water
Garage:
Street
Parking Spaces:
1
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$19,945 / 2025
Assessment:
$- / -
Toronto
Toronto W01
South Parkdale
No
NA
Fridge, Stove, Washer & Dryer
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
Yes
Category:
Store With Apt/Office
Date Listed:
Jan 04, 2026
Original Price:
Previous Price:
  • Photo 1: 1281 QUEEN Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W12659500
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  • Photo 10: 1281 QUEEN Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W12659500
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Listed by RE/MAX WEST REALTY INC.
Data was last updated January 6, 2026 at 02:15 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.