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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21 4040 Steeles Avenue W
Steeles West Industrial Vaughan L4L 4Y5

$2,100,000 /For Sale
Commercial

Main Photo: 21 4040 Steeles Avenue W in Vaughan: Steeles West Industrial Commercial for sale : MLS®# N13632166
Status:
Active
Prop. Type:
Commercial
MLS® Num:
N13632166
Prime opportunity to acquire a 4156 square foot industrial condominium in a high exposure commercial plaza on Steeles Avenue West. Currently operating as a restaurant and nightclub, this versatile unit features a fully equipped commercial kitchen, an upper-level mezzanine, and a flexible layout suitable for a variety of permitted commercial uses. The adjoining unit is currently connected through an opening in the shared demising wall, however, the wall can be reinstated prior to closing, restoring the unit to its original legal boundaries. Excellent location with strong exposure, ample plaza parking, and convenient access to major highways and public transit. An exceptional opportunity for investors and owner-operators alike.
Property Type:
Commercial
Property Sub Type:
Industrial
Freestanding:
No
Total Area:
4156 sq. ft. Square Feet
Total Area:
4,156 sq. ft.
Retail Area:
4156 sq. ft. Sq Ft
Industrial Area:
4156 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
INDUSTRIAL CONDO
Heating type:
Gas Forced Air Closed
Clear Height:
20'
Garage:
Plaza
Possession Details:
FLEX
HST Applicable To Sale Price:
Not Subject to HST
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$6,080 / 2025
Assessment:
$- / 2025
York
Vaughan
Steeles West Industrial
Major Highway, Public Transit
Yes
No
No
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Condo Fee:
$490
Category:
Industrial Condo
Outside Storage:
No
Number of Double Man Shipping Doors:
0
Number of Drive-In Level Shipping Doors:
0
Number of Grade Level Shipping Doors:
0
Number of Truck Level Shipping Doors:
0
Date Listed:
Aug 04, 2026
Original Price:
Previous Price:
  • Photo 1: 21 4040 Steeles Avenue W in Vaughan: Steeles West Industrial Commercial for sale : MLS®# N13632166
    Photo 1 of 1
Listed by LPT REALTY and HOMELIFE KINGSVIEW REAL ESTATE INC.
Data was last updated August 5, 2026 at 05:15 PM (UTC)
DARYL  KING
powered by myRealPage.com

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.