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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3 148 Spadina Avenue
Waterfront Communities C1 Toronto M5V 2L8

$150,000 /For Sale
Commercial

Main Photo: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 1: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 2: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 3: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 4: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 5: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 6: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 7: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 8: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 9: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 10: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 11: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 12: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 13: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 14: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 15: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 16: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 17: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 18: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 19: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 20: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 21: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 22: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 23: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 24: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Photo 25: 3 148 Spadina Avenue in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12869220
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12869220
Bus Major:
Convenience/Variety
Location, Location, Location!!! Priced to Sell! Great Opportunity To Own An INS Market Convenience Store Selling Beer & Wine In The Heart Of Downtown Toronto! Nestled With The Busy Downtown Vibrant Chinatown And Live Music And Sport Venues And Entertainments, The Store Offers A Very High Foot Traffic And Public Transportation With TTC Streetcars, Buses And Subway At The Door! There Is The New Ontario Line Subway Station Being Built Right Besides The Store Which Will Bring Even More Traffic To The Store! The Store Is Also Surrounded By High Profiles Business Including Restaurants, Hotels And Office Buildings and Have Had A Loyal Customers Base For Years! The Store Sales 50K Per Month On Average Including Lotto And Has A Low Monthly Rent of $5,664 (TMI included) With 2+ Years Remaining On The Lease Until May 2028, And And Additional 5 Years Renewal Option! The Large Area of 711 sq. Comes With A Washroom And Storage For Your Extra Stock. There Is A Growth Potential By Opening Extended Hours IN 24/7 No Limit Operation And By Selling Hot Foods And Coffee. Downtown Toronto Is Always Busy With Maple Leafs, Blue Jays, Toronto FC & Toronto Raptors Games! As Well As Concerts And Business Events All The Time That Add To More Business To The Store! Don't Miss This Great Opportunity To Be Your Own Boss Or Make Extra Money Or A Residual Income Every Month! Free Parking For Deliveries And Offloading. Public Parking Behind The Store! Act Quickly! This Won't Last Long!! Come Have A look For Yourself!
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Total Area:
711 sq. ft. Square Feet
Total Area:
711 sq. ft.
Retail Area:
711 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Electric Forced Air
Garage:
Outside/Surface
Parking Spaces:
1
Possession Details:
immediate
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$0 / 2026
Assessment:
$- / -
Toronto
Toronto C01
Waterfront Communities C1
Public Transit, Subways
All Chattels And Fixtures. Full List Of Chattels And Fixtures Will Be Provided.
Suppliers Items Provided For the Storage And Sale Of Their Products, Belong To The Suppliers But Free For The Buyer To Use. Full List Of Chattels And Fixtures Will Be Provided.
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Business/Building Name:
INS Store / The Morgan Building
Major Business Type:
Convenience/Variety
Category:
Without Property
Franchise:
Yes
Days Open:
Open 7 Days
Hours Open:
8:00AM - 09:00PM
Employees:
1
Chattels:
Yes
LLBO:
Yes
Seats:
1
Date Listed:
Mar 11, 2026
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES SUCCESS TEAM
Data was last updated March 13, 2026 at 06:15 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.