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.
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- W14034676
- Photos (27)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
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- Property Type:
- Commercial
- Property Sub Type:
- Office
- Freestanding:
- No
- Total Area:
- 2647 sq. ft. Square Feet
- Total Area:
- 2,647 sq. ft.
- Office/Apt Area:
- 2647 sq. ft. Sq Ft
- Lot Depth:
- 92'4"
- Lot Frontage:
- 20'11"
- Lot Shape:
- Irregular
- Bathrooms:
- 2.0
- Water supply:
- Municipal
- Zoning:
- E 2.0 (Employment; By-law 569-2013)
- Heating type:
- Other
- Garage:
- Outside/Surface
- Parking Spaces:
- 4
- Possession Details:
- TBD
- Lot Irregularities:
- Irregular (MPAC)
- HST Applicable To Sale Price:
- In Addition To
- Assessment:
- $911,000
- Assessment Year:
- 2026
- Type Taxes:
- Annual
- Taxes:
- $16,776.87 / 2026
- Assessment:
- $911,000.00 / 2026
- Toronto
- Toronto W02
- Dovercourt-Wallace Emerson-Junction
- No
- API security monitoring arrangement; two additional parking spaces leased from TCECC No. 2141. Transferability to be confirmed by Buyer. Hot water tank and security recording equipment subject to confirmation of ownership by Seller.
- Custom front reception desk, GE upright refrigerator/freezer, all existing electric light fixtures, window coverings, built-in cabinetry and millwork, plumbing fixtures, heating and air-conditioning equipment including furnaces, central A/C and ductless heat pump systems, all permanently installed electrical and mechanical equipment, and six existing colour video security cameras.
- All Seller removable trade fixtures, furniture & business equipment, incl. individual desks, chairs, tables, computers, monitors, servers, movable server racks, removable IT equipment, media and production equipment, audio visual equipment, tools, supplies + personal/business property of the Seller.
- None
- No
- Utilities:
- Yes
- Sewers:
- Sanitary+Storm
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- No
- Condo Fee:
- $152.57
- Expenses Actual/Estimated:
- Estimated
- Heating Expenses:
- $2,100
- Hydro Expenses:
- $16,500
- Insurance Expenses:
- $13,365
- Tax Expenses:
- $16,776.87
- Water Expenses:
- $900
- Year Expenses:
- 2026
- Maintenace Expenses:
- $1,830.84
- Business/Building Name:
- 229 Wallace Lofts
- Category:
- Office
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- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.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.
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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.