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157 John Street W in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13028072

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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157 John Street W
Kensington-Chinatown Toronto M5T 1X3

$90,888 /For Sale
Commercial

Main Photo: 157 John Street W in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13028072
Photo 1: 157 John Street W in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13028072
Photo 2: 157 John Street W in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13028072
Photo 3: 157 John Street W in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13028072
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13028072
Bus Major:
Dry Cleaning/Laundry
Prime downtown location in one of the most sought-after areas, offering unparalleled convenience and proximity to CP24. With over 20 years of expertise managing the exceptional property with various owners, this listing presents a unique opportunity for buyers seeking a well-maintained and strategically located asset. Don't miss the chance to invest in this prime real estate! ** EXTRAS** Low rent at $5,356 per month, including TMI, HST, and water. Seller Take Back (STB) or Vendor Take Back (VTB) - (Seller Financing) is available for qualified buyers.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
500 sq. ft. Square Feet
Total Area:
500 sq. ft.
Retail Area:
500 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Baseboard
Survey Available:
No
Garage:
None
Possession Details:
Immediate
HST Applicable To Sale Price:
In Addition To, Included In
Type Taxes:
TMI
Taxes:
$0 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Kensington-Chinatown
No
None
No
No
Sewers:
Sanitary
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Business/Building Name:
Queen Dry Cleaners
Major Business Type:
Dry Cleaning/Laundry
Category:
Without Property
Franchise:
No
Days Open:
Open 6 Days
Hours Open:
8 am - 6 pm
Employees:
1
Chattels:
Yes
LLBO:
No
Outside Storage:
No
Seats:
3
Date Listed:
Apr 22, 2026
Original Price:
Previous Price:
  • Photo 1: 157 John Street W in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13028072
    Photo 1 of 3
  • Photo 2: 157 John Street W in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13028072
    Photo 2 of 3
  • Photo 3: 157 John Street W in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01) : MLS®# C13028072
    Photo 3 of 3
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Listed by HOMELIFE/BAYVIEW REALTY INC.
Data was last updated April 25, 2026 at 04:15 PM (UTC)
DARYL KING
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.

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.