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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14 501 Passmore Avenue
Milliken Toronto M1V 5G4

$999,000 /For Sale
Commercial

Main Photo: 14 501 Passmore Avenue in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12652618
Photo 1: 14 501 Passmore Avenue in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12652618
Photo 2: 14 501 Passmore Avenue in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12652618
Photo 3: 14 501 Passmore Avenue in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12652618
Photo 4: 14 501 Passmore Avenue in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12652618
Photo 5: 14 501 Passmore Avenue in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12652618
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E12652618
Modern Industrial Condo Corner Unit In A Prime Location With Quick Access To Hwy 407, Hwy 48, And TTC. Well-Maintained And Clean Building With Strong Exposure And Ample On-Site Parking. Suitable For Investors Seeking A Functional Industrial Asset In A High-Demand Area or Businesses Seeking Convenience And Visibility. *Owner operated business also available for sale.*
Property Type:
Commercial
Property Sub Type:
Industrial
Freestanding:
Yes
Total Area:
1881 sq. ft. Square Feet
Total Area:
1,881 sq. ft.
Industrial Area:
1693 sq. ft. Sq Ft
Office/Apt Area:
188 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
E
Heating type:
Gas Forced Air Closed
Clear Height:
16'
Garage:
Outside/Surface
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$4,371 / 2025
Assessment:
$- / -
Toronto
Toronto E07
Milliken
Yes
No
Utilities:
Available
Air Conditioning:
No
Seller Property Info Statement:
No
Condo Fee:
$796
Category:
Industrial Condo
Number of Double Man Shipping Doors:
0
Number of Drive-In Level Shipping Doors:
1
Number of Grade Level Shipping Doors:
0
Number of Truck Level Shipping Doors:
0
Date Listed:
Dec 30, 2025
Original Price:
Previous Price:
  • Photo 1: 14 501 Passmore Avenue in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12652618
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  • Photo 2: 14 501 Passmore Avenue in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12652618
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  • Photo 3: 14 501 Passmore Avenue in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12652618
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  • Photo 4: 14 501 Passmore Avenue in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12652618
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  • Photo 5: 14 501 Passmore Avenue in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12652618
    Photo 5 of 5
Listed by TIMSOLD REALTY INC.
Data was last updated December 31, 2025 at 04:15 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.