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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290 sheppard Avenue W
Lansing-Westgate Toronto M2N 1N5

$2,458,000 /For Sale
Commercial

Main Photo: 290 sheppard Avenue W in Toronto: Lansing-Westgate Commercial for sale (Toronto C07)  : MLS®# C13832624
Photo 1: 290 sheppard Avenue W in Toronto: Lansing-Westgate Commercial for sale (Toronto C07)  : MLS®# C13832624
Photo 2: 290 sheppard Avenue W in Toronto: Lansing-Westgate Commercial for sale (Toronto C07)  : MLS®# C13832624
Photo 3: 290 sheppard Avenue W in Toronto: Lansing-Westgate Commercial for sale (Toronto C07)  : MLS®# C13832624
Photo 4: 290 sheppard Avenue W in Toronto: Lansing-Westgate Commercial for sale (Toronto C07)  : MLS®# C13832624
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13832624
Exceptional Development Opportunity On Sheppard Ave W In The Heart Of North York! Prime Site For Developers, Builders And Investors Along The Highly Desirable Sheppard Corridor. Situated On An Approx. 6,250 Sq. Ft. Lot, 290 Sheppard Ave W Benefits From Approved Zoning For A 6-Storey Boutique Hotel Development. The Architectural Concept Contemplates Approximately 38 Hotel Rooms, Presenting An Excellent Opportunity For Hotel Operators And Developers. The Property Offers Prominent Sheppard Ave W Frontage, Excellent Exposure And Convenient Access To Yonge & Sheppard, Subway, Hwy 401, Shops, Restaurants And Major Amenities. Architectural Plans And Development Documents Available. A Rare Opportunity To Acquire A Development Site In One Of North York's Most Established And Accessible Corridors. **** CR Zoning Also Permits A Range Of Commercial And Community Uses, Including Office, Medical Office, Financial Institution, Personal Service Shop, Wellness Centre, Artist Studio, Educational Uses And Other Permitted Uses. Approx. FSI 2.5. ****
Minimum Rental Term:
0
Maximum Rental Term:
0
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
3000 sq. ft. Square Feet
Total Area:
3,000 sq. ft.
Lot Depth:
125'2"
Lot Frontage:
50'1"
Water supply:
Municipal
Zoning:
COMMERCIAL
Heating type:
Gas Forced Air Closed
Garage:
Double Detached
Parking Spaces:
8
Possession Details:
Immediate
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$26,843.29 / 2026
Assessment:
$- / -
Toronto
Toronto C07
Lansing-Westgate
Public Transit, Subways
**Zoning Amendment Application Has Been APPROVED By City Council For Application Proposes To Develop A 6-Story Hotel Building With About 15000 SQFT Total Space Containing 38 rooms with 6 Surface Parking Spaces At 290 Sheppard Avenue West.**
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Category:
Office
Date Listed:
Sep 27, 2026
Original Price:
Previous Price:
  • Photo 1: 290 sheppard Avenue W in Toronto: Lansing-Westgate Commercial for sale (Toronto C07)  : MLS®# C13832624
    Photo 1 of 4
  • Photo 2: 290 sheppard Avenue W in Toronto: Lansing-Westgate Commercial for sale (Toronto C07)  : MLS®# C13832624
    Photo 2 of 4
  • Photo 3: 290 sheppard Avenue W in Toronto: Lansing-Westgate Commercial for sale (Toronto C07)  : MLS®# C13832624
    Photo 3 of 4
  • Photo 4: 290 sheppard Avenue W in Toronto: Lansing-Westgate Commercial for sale (Toronto C07)  : MLS®# C13832624
    Photo 4 of 4
Listed by ROYAL LEPAGE SIGNATURE REALTY
Data was last updated September 27, 2026 at 02:15 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.