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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173 Danforth Avenue
North Riverdale Toronto M4K 1N2

$1,999,000 /For Sale
Commercial

Front Exterior
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E13596554
Premier investment property in the heart of Toronto's vibrant Danforth Avenue. This rarely available, fully leased mixed use commercial building offers stable income in one of the city's most established and highly sought after neighbourhoods. Situated on a prominent stretch of Danforth with exceptional pedestrian traffic and outstanding visibility, the property is just steps from Broadview Subway Station, minutes to the Don Valley Parkway, and offers quick access to downtown Toronto. The ground floor is occupied by a long established and well regarded bakery that has been serving the local community for well over a decade, providing a strong and dependable retail presence. The fully occupied second floor space (Law Office) has been recently renovated with new skylights, updated flooring, renovated washrooms, and an upgraded HVAC system. Rear parking adds further value and convenience for tenants. This is an outstanding opportunity for investors seeking a turnkey, income producing asset in a high demand location with excellent transit connectivity, a thriving local business community, and strong long term investment potential.
Property Type:
Commercial
Property Sub Type:
Store W Apt/Office
Freestanding:
No
Total Area:
2654 sq. ft. Square Feet
Total Area:
2,654 sq. ft.
Retail Area:
1327 sq. ft. Sq Ft
Office/Apt Area:
1327 sq. ft. Sq Ft
Lot Depth:
121'
Lot Frontage:
18'11"
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Gas Forced Air Closed
Garage:
Outside/Surface
Parking Spaces:
4
Possession Details:
TBA
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$28,903.31 / 2026
Assessment:
$- / -
Toronto
Toronto E01
North Riverdale
No
Utilities:
Yes
Sewers:
Sanitary+Storm
Air Conditioning:
Partial
Seller Property Info Statement:
No
Category:
Store With Apt/Office
Date Listed:
Jul 23, 2026
Original Price:
Previous Price:
  • Photo 1: 173 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E13596554
    Front Exterior
Listed by HARVEY KALLES REAL ESTATE LTD.
Data was last updated July 23, 2026 at 02:15 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.