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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20697 Highway 48 Highway
Rural East Gwillimbury East Gwillimbury L0G 1M0

$799,900 /For Sale
Commercial

Main Photo: 20697 Highway 48 Highway in East Gwillimbury: Rural East Gwillimbury Commercial for sale : MLS®# N13560408
Photo 1: 20697 Highway 48 Highway in East Gwillimbury: Rural East Gwillimbury Commercial for sale : MLS®# N13560408
Photo 2: 20697 Highway 48 Highway in East Gwillimbury: Rural East Gwillimbury Commercial for sale : MLS®# N13560408
Photo 3: 20697 Highway 48 Highway in East Gwillimbury: Rural East Gwillimbury Commercial for sale : MLS®# N13560408
Photo 4: 20697 Highway 48 Highway in East Gwillimbury: Rural East Gwillimbury Commercial for sale : MLS®# N13560408
Status:
Active
Prop. Type:
Commercial
MLS® Num:
N13560408
Power of Sale Opportunity! 20697 Highway 48, East Gwillimbury is an exceptional opportunity to acquire approximately 50 acres of level, vacant land with over 824 feet of frontage along Highway 48, just north of Mount Albert. Located west of the railway line, this expansive parcel offers excellent exposure and accessibility. Zoned Rural (RU), the property allows for a wide range of permitted uses including: agricultural and agri-related operations, greenhouses, equestrian facilities, farm produce outlets, nurseries, kennels, on-farm diversified uses, single-detached dwellings, accessory apartments, bed and breakfast establishments, animal clinics, group homes, home child care, and home businesses. It also supports unique lifestyle or entrepreneurial ventures such as agri-tourism and farm implement sales. Ideal for investors, farmers, or those seeking to build a private country estate. Don't miss this rare opportunity to own a large parcel with endless potential in a growing area of East Gwillimbury
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
2123550 sq. ft. Acres
Total Area:
48.8 acre(s)
Lot Depth:
2500'
Lot Frontage:
825'
Bedrooms:
0
Water supply:
None
Kitchens:
0
Zoning:
RU
Heating type:
None
Garage:
None
Possession Details:
Immediate
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$2,400 / 2025
Assessment:
$- / -
York
East Gwillimbury
Rural East Gwillimbury
Utilities:
None
Sewers:
None
Air Conditioning:
No
Seller Property Info Statement:
No
Category:
Retail
Date Listed:
Jul 14, 2026
Original Price:
Previous Price:
  • Photo 1: 20697 Highway 48 Highway in East Gwillimbury: Rural East Gwillimbury Commercial for sale : MLS®# N13560408
    Photo 1 of 4
  • Photo 2: 20697 Highway 48 Highway in East Gwillimbury: Rural East Gwillimbury Commercial for sale : MLS®# N13560408
    Photo 2 of 4
  • Photo 3: 20697 Highway 48 Highway in East Gwillimbury: Rural East Gwillimbury Commercial for sale : MLS®# N13560408
    Photo 3 of 4
  • Photo 4: 20697 Highway 48 Highway in East Gwillimbury: Rural East Gwillimbury Commercial for sale : MLS®# N13560408
    Photo 4 of 4
Listed by Real Broker Ontario Ltd.
Data was last updated July 14, 2026 at 07:15 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.