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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15231 Yonge Street
Aurora Village Aurora L4G 1L8

$197,000 /For Sale
Commercial

Main Photo: 15231 Yonge Street in Aurora: Aurora Village Commercial for sale : MLS®# N12917860
Photo 1: 15231 Yonge Street in Aurora: Aurora Village Commercial for sale : MLS®# N12917860
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
N12917860
Bus Major:
Cafe
Prime Location: This Shisha Lounge and vape store is strategically located on busy Yonge Street in the heart of downtown Aurora, a vibrant and rapidly growing area known for its high foot traffic and year-round activity. Surrounded by boutique shops, offices, and residential developments, the location ensures a steady stream of walk-in customers and excellent street-level visibility. Fully equipped and stylishly furnished, this turn-key business offers a seamless transition for new owners to begin operations immediately. With a loyal local customer base, strong online presence, and consistently positive reviews, this establishment enjoys a solid brand reputation and a proven track record of success. Located in a thriving urban corridor that is seeing continuous investment and development, the business is well-positioned for future growth, including extended hours, catering, or event hosting opportunities. This is a rare chance to own a well-established venue in one of Aurora's most sought-after commercial districts.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Retail Area:
3000 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Gas Forced Air Open
Garage:
Outside/Surface
HST Applicable To Sale Price:
Included In
Type Taxes:
N/A
Taxes:
$0 / 2025
Assessment:
$- / -
York
Aurora
Aurora Village
Green Property Information Statement:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Cafe
Category:
Without Property
Franchise:
No
Hours Open:
10AM-1AM
Employees:
2
Chattels:
Yes
LLBO:
No
Seats:
50
Date Listed:
Mar 25, 2026
Original Price:
Previous Price:
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Listed by CENTRAL HOME REALTY INC.
Data was last updated March 26, 2026 at 12:15 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.