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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164 The Esplanade Avenue
Waterfront Communities C8 Toronto M5A 4H2

$329,000 /For Sale
Commercial

Main Photo: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Photo 1: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Photo 2: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Photo 3: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Photo 4: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Photo 5: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Photo 6: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Photo 7: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Photo 8: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Photo 9: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Photo 10: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Photo 11: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Photo 12: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Photo 13: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Photo 14: 164 The Esplanade Avenue in Toronto: Waterfront Communities C8 Commercial for sale (Toronto C08)  : MLS®# C12765396
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12765396
Bus Major:
Restaurant
Wonderful opportunity to purchase this successful turn key licensed pizzeria restaurant. Short walk to St. Lawrence Market & The St. Lawrence Community Recreation Centre & across the street from the dog park & is within minutes of The Gardner & the waterfront. With a licensed dining room/bar for Approx. 38 patron's and a licensed patio for Approx. 30 patron's. Fantastic high traffic high density location with many new luxury condo units built or currently still under construction to be soon completed in a master planned community within immediate proximity of this restaurant. Terrific lease in place with the city (Co-Operative Lease) 4 + 5 years remaining with no issues renewing regularly. Sellers have spent approx. 80k on chattels and renovations in past 2 years. This Restaurant Was The Recipient Of The 2024 Restaurant Guru Award
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
1200 sq. ft. Square Feet
Total Area:
1,200 sq. ft.
Retail Area:
1300 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Bathrooms:
2.0
Water supply:
Municipal
Zoning:
Mixed Use Commercial/Co-operative
Heating type:
Gas Forced Air Open
Garage:
None
HST Applicable To Sale Price:
In Addition To
Type Taxes:
N/A
Taxes:
$0 / 2025
Assessment:
$- / -
Toronto
Toronto C08
Waterfront Communities C8
Yes
None
No
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
Yes
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
3-11:45
Employees:
8
Chattels:
Yes
LLBO:
Yes
Seats:
38
Date Listed:
Feb 06, 2026
Original Price:
Previous Price:
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Listed by HOMELIFE/VISION REALTY INC.
Data was last updated February 7, 2026 at 03:15 AM (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.