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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1527 O'connor Drive

O'Connor-Parkview Toronto M4B 2V7

$1,460,000 /For Sale

Commercial

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Commercial

MLS® Num:

E13019496

• Photos (10)

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8 parking spaces, 600V 3-phase electrical, improved water intake, corner exposure and a well designed commercial kitchen make this building a caterers dream. Imagine the ease of delivery from this well located kitchen, right between the suburbs and downtown, with instant access to the DVP. Your large 10-foot commercial hood clears the air from your busy burners, cooking the food prepared at any one of your 5 prep areas and kept fresh in your 200 square foot walk-in freezer and fridges. Suitable for caterers, ghost kitchens or commissary kitchens, this location comes equipped with an operating hood (10 feet wide), gas connections for burners or fryers of any kind, sinks and sink rough-ins throughout the property, five prep areas, a 100 square foot walk-in freezer and a 100-square foot walk-in fridge (both working well), ample storage, washrooms and office space. The high ceilings on both the main and lower levels make the space appealing, bright and easily ventilated for busy shifts and productive employees. Investors can enjoy the rent from the commercial space (estimated at $6000 per month NET) plus the residential apartment above ($1890 per month plus hydro). The corner property is well exposed to drive-by traffic so that any business will be recognized and easily found by buying customers. Ample electrical supply (600v 3-phase 4-wire 100 amp) and water supply (3/4 inch supply from city) make the juice worth the squeeze. Separate gas and hydro meters make for easy split of residential and commercial bills. 2 1/2 storey south facing brick wall would make for a wonderful mural. Any destination business tenant will be recognizable for miles around.

General Info:

Property Type:

Commercial

Property Sub Type:

Store W Apt/Office

Freestanding:

No

Approx. Age:

31-50

Total Area:

2000 sq. ft. Square Feet

Total Area:

2,000 sq. ft.186 m2

Retail Area:

1000 sq. ft. Sq Ft

Office/Apt Area:

1000 sq. ft. Sq Ft

Lot Depth:

125'38.1 m

Lot Frontage:

17'6"5.33 m

Bathrooms:

4.0

Water supply:

Municipal

Zoning:

CR2.5(c2.5;r1)*1163)

Additional Info:

Heating type:

Gas Forced Air Open

Clear Height:

10'3.05 m

Survey Available:

Yes

Garage:

None

Parking Spaces:

8

Possession Details:

45 days

Financial Info:

HST Applicable To Sale Price:

In Addition To

Assessment Year:

2025

Type Taxes:

Annual

Taxes:

$7,844 / 2025

Assessment:

$- / 2025

County:

Toronto

Listing Area:

Toronto E03

Listing Sub-Area:

O'Connor-Parkview

Area Influences:

Major Highway, Public Transit

Security Features:

Partial

Exclusions:

Baking oven and dishwasher (currently affixed) are excluded. All chattels are available for purchase at an additional price.

Other Details:

Amperage:

100

Volts:

600

Utilities:

Yes

Energy Certification:

No

Sewers:

Sanitary+Storm

Air Conditioning:

Yes

Seller Property Info Statement:

No

Physically Handicapped-Equipped:

No

Commercial Info:

Financial Statements:

No

Business Info:

Category:

Store With Apt/Office

Franchise:

No

Chattels:

No

Listing Info:

Date Listed:

Apr 20, 2026

Original Price:

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Previous Price:

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• 
  Corner Unit and Parking
• 
  Main Kitchen
• 
  Main Kitchen looking to front
• 
  Front Fridge and door
• 
  Lower Prep Area
• 
  Lower Prep Area
• 
  Prep Area 1 of 4
• 
  Lower Level Office
• 
  Washroom 1
• 
  Rear delivery with alley access and more parking

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Listed by ROYAL LEPAGE ESTATE REALTY

Data was last updated April 22, 2026 at 04:15 AM (UTC)

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

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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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.