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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151 1159 Dundas Street E

South Riverdale Toronto M4M 1R9

$495,000 /For Sale

Commercial

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• Details
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Status:

Active

Prop. Type:

Commercial

MLS® Num:

E12734458

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Compelling value opportunity to acquire approximately 1,000 sq.ft. of industrial artist studio space at an attractive entry point below market value in the iconic i-Zone Lofts at Dundas Street East and Carlaw Avenue. With 17-foot clear ceiling height, this unit offers the potential to add an approximately 385 sq.ft. mezzanine (buyer to verify), materially increasing usable area and improving long-term return on capital without expanding the footprint. The space features sealed concrete floors, double entrance doors, shared access to two truck-level loading docks, brand-new ductless air conditioning, and a roughed-in two-piece washroom. Freshly painted and move-in ready, the unit is well suited for artist studio, production, light industrial or distribution and similar permitted uses. An adjacent approximately 1,500 sq.ft. unit may be available for combination, creating a total area of roughly 2,500 sq.ft.-a rare assembly opportunity in a tightly held downtown industrial complex. Located minutes to the DVP, Gardiner, and Lakeshore and within walking distance to the future Gerrard Station on the Ontario Line, supporting long-term demand and value growth. Offered at a price point that is difficult to replicate for downtown industrial space, this asset presents strong fundamentals, flexible use, expansion potential, limited replacement supply and transit-driven appreciation.

General Info:

Property Type:

Commercial

Property Sub Type:

Industrial

Freestanding:

No

Total Area:

969 sq. ft. Square Feet

Total Area:

969 sq. ft.90 m2

Industrial Area:

969 sq. ft. Sq Ft

Lot Depth:

0'0 m

Lot Frontage:

0'0 m

Bedrooms:

1

Bathrooms:

1.0

Water supply:

Municipal

Kitchens:

1

Zoning:

Industrial/Commercial

Additional Info:

Heating type:

Gas Forced Air Closed

Heating Fuel:

Gas

Clear Height:

17'5.18 m

Garage:

Underground

Parking Spaces:

0

Possession Details:

Flexible

Financial Info:

HST Applicable To Sale Price:

Included In

Type Taxes:

Annual

Taxes:

$9,960.91 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E01

Listing Sub-Area:

South Riverdale

Area Influences:

Major Highway, Public Transit

Security Features:

Yes

Rental Items:

N/A

Inclusions:

Second floor recreational area and deck/garden, party/meeting room use.

Exclusions:

N/A

Elevator:

Public

Rail:

No

Other Details:

Amperage:

100

Water Supply Types:

Water System

Utilities:

Yes

Sewers:

Sanitary+Storm

Air Conditioning:

No

Seller Property Info Statement:

No

Commercial Info:

Condo Fee:

$744.92

Business Info:

Property Management Company:

Nadlan-Harris Property Management Inc.

Category:

Industrial Condo

Number of Double Man Shipping Doors:

1

Number of Drive-In Level Shipping Doors:

0

Number of Grade Level Shipping Doors:

0

Number of Truck Level Shipping Doors:

2

Listing Info:

Date Listed:

Jan 28, 2026

Original Price:

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Previous Price:

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Listed by COLDWELL BANKER REAL ESTATE PROFESSIONALS

Data was last updated January 29, 2026 at 06:15 AM (UTC)

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

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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.

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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.