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 Ravel Road
Hillcrest Village Toronto M2H 1T1

$198,000 /For Sale
Commercial

Main Photo: 173 Ravel Road in Toronto: Hillcrest Village Commercial for sale (Toronto C15)  : MLS®# C12829298
Photo 1: 173 Ravel Road in Toronto: Hillcrest Village Commercial for sale (Toronto C15)  : MLS®# C12829298
Photo 2: 173 Ravel Road in Toronto: Hillcrest Village Commercial for sale (Toronto C15)  : MLS®# C12829298
Photo 3: 173 Ravel Road in Toronto: Hillcrest Village Commercial for sale (Toronto C15)  : MLS®# C12829298
Photo 4: 173 Ravel Road in Toronto: Hillcrest Village Commercial for sale (Toronto C15)  : MLS®# C12829298
Photo 5: 173 Ravel Road in Toronto: Hillcrest Village Commercial for sale (Toronto C15)  : MLS®# C12829298
Photo 6: 173 Ravel Road in Toronto: Hillcrest Village Commercial for sale (Toronto C15)  : MLS®# C12829298
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12829298
Bus Major:
Restaurant
Excellent Restaurant Business Opportunity - Prime North York LocationExcellent location in the heart of North York with very high traffic exposure and ample parking. Great visibility from the busy Finch Avenue and Leslie Street intersection.Well-established restaurant operating for over 20 years, now available for sale as the owner is retiring. Fully equipped kitchen and dining area, ready for immediate operation.The premises feature 17 dining tables with seating capacity for approximately 75 guests. Licensed restaurant with liquor license in place.Monthly rent is approximately $15,000 (TMI &HST included). Current lease term runs until April 2026, with a 5-year renewal option available.Business is being sold in as-is condition at an attractive transfer price.Serious inquiries only.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
2096 sq. ft. Square Feet
Total Area:
2,096 sq. ft.
Retail Area:
2096 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Lot Details:
0.00 x 0.00 Feet
Water supply:
Municipal
Rooms:
0
Zoning:
0
Heating type:
Gas Forced Air Open
Cooling:
Yes
Garage:
None
HST Applicable To Sale Price:
In Addition To
Type Taxes:
N/A
Taxes:
$0 / 2026
Assessment:
$- / -
Toronto
Toronto C15
Hillcrest Village
Yes
Utilities:
None
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 6 Days
Hours Open:
12PM-9PM
Employees:
6
Chattels:
No
LLBO:
Yes
Seats:
75
Date Listed:
Feb 28, 2026
Original Price:
Previous Price:
  • Photo 1: 173 Ravel Road in Toronto: Hillcrest Village Commercial for sale (Toronto C15)  : MLS®# C12829298
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  • Photo 2: 173 Ravel Road in Toronto: Hillcrest Village Commercial for sale (Toronto C15)  : MLS®# C12829298
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  • Photo 3: 173 Ravel Road in Toronto: Hillcrest Village Commercial for sale (Toronto C15)  : MLS®# C12829298
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  • Photo 4: 173 Ravel Road in Toronto: Hillcrest Village Commercial for sale (Toronto C15)  : MLS®# C12829298
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  • Photo 5: 173 Ravel Road in Toronto: Hillcrest Village Commercial for sale (Toronto C15)  : MLS®# C12829298
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  • Photo 6: 173 Ravel Road in Toronto: Hillcrest Village Commercial for sale (Toronto C15)  : MLS®# C12829298
    Photo 6 of 6
Listed by DREAM HOME REALTY INC.
Data was last updated February 28, 2026 at 06:15 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.