131 George Street in Toronto: Moss Park Commercial for sale (Toronto C08) : MLS®# C13444560
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.
Welcome to 131 George Street in the heart of Moss Park. Rare opportunity to acquire a legal 3-storey mixed-use duplex with CRE zoning in one of Toronto's fastest-evolving downtown neighbourhoods. Extensively renovated and expanded under current ownership, the property offers approximately 2,063 sq.ft. of versatile living and working space. Currently configured as two fully independent units, the property features a professionally designed 2-level office occupying the second and third floors and a separate 1-bedroom residential suite spanning the main floor and lower level. The office component offers bright open-concept workspaces, private office space, kitchenette facilities, washroom amenities, boardroom space and a spectacular rooftop terrace. The residential suite enjoys a private ground-level patio and is currently tenanted. An exceptional opportunity for owner-users, investors and professionals seeking a distinctive downtown presence. Ideal for professional offices, law firms, accounting practices, consulting firms, design studios, architectural firms, healthcare professionals, therapists, creative agencies and entrepreneurs looking for a flexible live/work environment in Toronto's urban core. Notable improvements include extensive renovations and expansion, modern concrete board and stucco exterior, mostly updated vinyl casement windows, hardwood and laminate flooring, pot lighting, updated HVAC systems and numerous mechanical upgrades throughout. Ideally situated steps to public transit, parks, hospitals, St. Lawrence Market, the Distillery District, the Financial District, George Brown, TMU, the Gardiner Expressway and the Don Valley Parkway. A unique opportunity to acquire a versatile mixed-use asset in one of Toronto's most dynamic and rapidly transforming neighbourhoods.
Property Type:
Commercial
Property Sub Type:
Office
Freestanding:
No
Total Area:
2063 sq. ft. Square Feet
Total Area:
2,063 sq. ft.192 m2
Office/Apt Area:
1012 sq. ft. Sq Ft
Lot Depth:
66'20.1 m
Lot Frontage:
15'4"4.67 m
Water supply:
Municipal
Zoning:
CRE*41
Heating type:
Gas Forced Air Closed
Survey Available:
Yes
Garage:
None
Possession Details:
60 - 90 Days / TBA
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$7,511.98 /
2026
Assessment:
$- /
-
Toronto
Toronto C08
Moss Park
Major Highway, Public Transit
No
Hot Water Tank
Residential apartment fridge, stove and dishwasher; office mini fridge; office furnishings available at buyer's option; two forced-air gas furnaces; one central air conditioner; all existing electric light fixtures and all existing window coverings, excluding those belonging to the residential tenant.
Any electric light fixtures or window coverings belonging to the residential tenant.
• 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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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.