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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278 7181 Yonge Street
Thornhill Markham L3T 0C7

$450,000 /For Sale
Commercial

Main Photo: 278 7181 Yonge Street in Markham: Thornhill Commercial for sale : MLS®# N14137772
Photo 1: 278 7181 Yonge Street in Markham: Thornhill Commercial for sale : MLS®# N14137772
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
N14137772
Bus Major:
Retail Store Related
World on Yonge - Prime second-floor corner retail store featuring courtyard-facing windows, abundant natural light, and excellent visibility from the Shops on Yonge courtyard. Ideally positioned directly n front of the elevator and escalator along a busy hallway connecting to the food court. Beautifully finished with exceptional exposure in a vibrant mixed-use complex connected to four residential towers, with offices, a hotel, a supermarket, a bank, restaurants, and major amenities nearby. Suitable for retail, professional, medical, or service-related businesses, subject to permitted uses. Currently tenanted until November 10,2027, offering an excellent investment opportunity. Ample surface and underground visitor parking. Conveniently located at Yonge Street and Steeles Avenue, with easy access to public transit and Highways 407 and 404. Excellent value in a sought-after location!
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Approx. Age:
6-15
Total Area:
523 sq. ft. Square Feet
Total Area:
523 sq. ft.
Retail Area:
361 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
None
Zoning:
Commercial Retail, Health, Beauty...
Heating type:
Gas Forced Air Open
Garage:
Underground
Possession Details:
TBA
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$4,393.94 / 2026
Assessment:
$- / -
York
Markham
Thornhill
Partial
No
Utilities:
Yes
Sewers:
None
Air Conditioning:
Yes
Seller Property Info Statement:
No
Condo Fee:
$829.08
Property Management Company:
First Service Residential 905-597-0188
Major Business Type:
Retail Store Related
Category:
Commercial Condo
Date Listed:
Nov 02, 2026
Original Price:
Previous Price:
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Listed by REMAX YOUR COMMUNITY REALTY
Data was last updated November 3, 2026 at 03:15 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.