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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1515 Thornton Road
Northwood Durham L1L 0P2

$19,975,000 /For Sale
Commercial

Main Photo: 1515 Thornton Road in Durham: Northwood Commercial for sale (Oshawa)  : MLS®# E12304611
Photo 1: 1515 Thornton Road in Durham: Northwood Commercial for sale (Oshawa)  : MLS®# E12304611
Photo 2: 1515 Thornton Road in Durham: Northwood Commercial for sale (Oshawa)  : MLS®# E12304611
Photo 3: 1515 Thornton Road in Durham: Northwood Commercial for sale (Oshawa)  : MLS®# E12304611
Photo 4: 1515 Thornton Road in Durham: Northwood Commercial for sale (Oshawa)  : MLS®# E12304611
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E12304611
Bus Major:
Industrial
Prime 15.57-acre industrial development parcel in the City of Oshawa's Northwood Business Park. The site is zoned for industrial and has an immediate development timeline. Municipal industrial development charges are exempt, as per the City of Oshawa. This property is a fully permitted and operational waste transfer station consisting of 15.53 acres with services available at the lot line. The site is well located at Taunton Road W & Thornton Road N, with access to major highways, including 401, 407, and 412, facilitating efficient transportation and distribution
Property Type:
Commercial
Property Sub Type:
Land
Total Area:
676487 sq. ft. Acres
Total Area:
15.5 acre(s)
Depth:
0'
Frontage:
784'7½"
Lot Shape:
Irregular
Water supply:
Municipal
Zoning:
SPI (2), SI-A, GI (4)
Possession Details:
Immediate
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$117,437 / 2025
Assessment:
$- / -
Oshawa
Northwood
Durham
Major Highway, Public Transit
No
Utilities:
Available
Sewers:
Sanitary+Storm
Seller Property Info Statement:
No
Major Business Type:
Industrial
Category:
Designated
Date Listed:
Jul 24, 2025
Original Price:
Previous Price:
  • Photo 1: 1515 Thornton Road in Durham: Northwood Commercial for sale (Oshawa)  : MLS®# E12304611
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  • Photo 2: 1515 Thornton Road in Durham: Northwood Commercial for sale (Oshawa)  : MLS®# E12304611
    Photo 2 of 4
  • Photo 3: 1515 Thornton Road in Durham: Northwood Commercial for sale (Oshawa)  : MLS®# E12304611
    Photo 3 of 4
  • Photo 4: 1515 Thornton Road in Durham: Northwood Commercial for sale (Oshawa)  : MLS®# E12304611
    Photo 4 of 4
Listed by LEE & ASSOCIATES COMMERCIAL REAL ESTATE INC.
Data was last updated September 4, 2025 at 05:15 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.