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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137&138 398 Ferrier Street
Milliken Mills West Markham L3R 2Z5

$599,900 /For Sale
Commercial

Main Photo: 137&138 398 Ferrier Street in Markham: Milliken Mills West Commercial for sale : MLS®# N12962226
Status:
Active
Prop. Type:
Commercial
MLS® Num:
N12962226
Rare opportunity to own 862 SF combined retail units (Units 137 & 138) in 'New Century Plaza' indoor mall. Units face high exposure in a great location at Warden & Steeles. Plenty of free parking available! Units are surrounded by service agencies, professionals, restaurants, and various retail in the plaza, within walking distance to TTC, T&T Supermarket, and Shoppers Drug Mart. Extremely well-positioned, directly exposed to IBM and multiple mid-rise offices, with many stores, restaurants, and abundant retail, office, and warehouse buildings nearby. Superb busy traffic at the Steeles/Ferrier intersection, at the heart of Markham and Northwestern Scarborough's busiest business and industrial parks, with close proximity to 404/407. Great opportunity to run your own business / idea for a brand store.
Minimum Rental Term:
36
Maximum Rental Term:
60
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
862 sq. ft. Square Feet
Total Area:
862 sq. ft.
Retail Area:
603 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
None
Zoning:
Commercial
Heating type:
Gas Forced Air Closed
Garage:
Public
Possession Details:
Flexible
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$2,115 / 2025
Assessment:
$- / -
York
Markham
Milliken Mills West
No
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Category:
Retail
Date Listed:
Apr 07, 2026
Original Price:
Previous Price:
  • Photo 1: 137&138 398 Ferrier Street in Markham: Milliken Mills West Commercial for sale : MLS®# N12962226
    Photo 1 of 1
Listed by RE/MAX REALTRON WENDY ZHENG REALTY
Data was last updated April 9, 2026 at 06:15 AM (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.