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.

Forgot password Extend Verify Contact
Main Photo: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
Photo 1: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
Photo 2: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
Photo 3: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
Photo 4: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
Photo 5: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
Photo 6: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13778938
Bus Major:
Other
Attention Developers, Investors & Entrepreneurs! Welcome to the prestigious Republic of Rathnelly neighbourhood, one of Toronto's most sought-after locations. A rare opportunity to own a prime mixed-use property offering endless possibilities for a customized live/work space, professional office, income-generating rental units, or future redevelopment. Zoning along this stretch of Avenue road permits a mix of residential and commercial uses, making this an exceptional investment in a highly desirable area. This full three-storey brick semi-detached building is ready for your vision. Whether you're looking to create a unique residence offering a business below, design modern office space, or renovate into residential rental units, the potential is outstanding. The property also features a newer detached four-car garage accessed via the rear laneway, which provides valuable private parking or additional flexibility. A short walk to Summerhill, Yorkville, and Yonge & Bloor, with convenient TTC access and only a 10-minute walk to Summerhill or Dupont subway stations. Minutes to Toronto's downtown core. Sold as is, where is, this property presents an incredible opportunity to renovate, reimagine, and make it your own. Listing is also on residential MLS
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
2736 sq. ft. Square Feet
Total Area:
2,736 sq. ft.
Retail Area:
0 sq. ft. Sq Ft
Lot Depth:
120'9½"
Lot Frontage:
20'3"
Water supply:
Municipal
Zoning:
CR1.5(c1;r1*1966)
Heating type:
Electric Hot Water
Garage:
Single Detached
Possession Details:
Immediate
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$19,705.7 / 2026
Assessment:
$- / -
Toronto
Toronto C02
Casa Loma
No
None
Utilities:
None
Green Property Information Statement:
No
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Other
Category:
Multi-Use
Date Listed:
Sep 14, 2026
Original Price:
Previous Price:
  • Photo 1: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
    Photo 1 of 6
  • Photo 2: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
    Photo 2 of 6
  • Photo 3: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
    Photo 3 of 6
  • Photo 4: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
    Photo 4 of 6
  • Photo 5: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
    Photo 5 of 6
  • Photo 6: 278 Avenue Road in Toronto: Casa Loma Commercial for sale (Toronto C02)  : MLS®# C13778938
    Photo 6 of 6
Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA
Data was last updated September 14, 2026 at 06:15 AM (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.