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

$140,000 /For Sale

Commercial

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Commercial

MLS® Num:

C13121482

Bus Major:

Convenience/Variety

• Photos (26)

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Excellent Turnkey Opportunity To Own A Busy INS Market Convenience Store In One Of Downtown Toronto's Most Active Corridors! This Well-Established Store Benefits From Exceptional Pedestrian Traffic, surrounded by Chinatown, major entertainment venues, restaurants, hotels, offices, and continuous TTC access including streetcars, buses, and nearby subway connections. The upcoming Ontario Line station beside the store is expected to further increase visibility and customer flow.The business generates approximately $40,000 in average monthly sales plus $1100 lotto commissions monthly and $150 bitcoing machine rent while operating from an efficiently designed 711 sq. ft. space featuring washroom facilities and additional storage area. Current rent is approximately $5,664 per month including TMI, with lease secured until May 2028 plus an additional 5-year renewal option available.Licensed to sell Beer & Wine, this store offers excellent upside potential for an owner-operator looking to increase revenues through extended operating hours, 24/7 operation, hot food service, coffee programs, and additional product lines. The surrounding area remains active year-round with major sporting events, concerts, nightlife, tourism, and downtown business traffic generated by Maple Leafs, Blue Jays, Raptors, and Toronto FC events.A loyal customer base, strong downtown exposure, convenient access to public transit, nearby public parking, and delivery access make this an attractive opportunity for entrepreneurs, families, or investors seeking a profitable urban retail business with future growth potential. Opportunities like this in downtown Toronto are rare - book your private viewing today!

General Info:

Property Type:

Commercial

Property Sub Type:

Sale Of Business

Total Area:

711 sq. ft. Square Feet

Total Area:

711 sq. ft.66.1 m2

Retail Area:

711 sq. ft. Sq Ft

Lot Depth:

0'0 m

Lot Frontage:

0'0 m

Water supply:

Municipal

Zoning:

Commercial

Additional Info:

Heating type:

Electric Forced Air

Garage:

Outside/Surface

Parking Spaces:

1

Possession Details:

TBA

Financial Info:

HST Applicable To Sale Price:

In Addition To

Type Taxes:

Annual

Taxes:

$0 / 2026

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto C01

Listing Sub-Area:

Waterfront Communities C1

Area Influences:

Public Transit, Subways

Other Details:

Air Conditioning:

Yes

Seller Property Info Statement:

No

Commercial Info:

Financial Statements:

No

Business Info:

Major Business Type:

Convenience/Variety

Category:

Without Property

Franchise:

Yes

Days Open:

Open 7 Days

Hours Open:

8:00AM - 12:00AM

Employees:

1

Chattels:

Yes

LLBO:

Yes

Seats:

1

Listing Info:

Date Listed:

May 13, 2026

Original Price:

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Previous Price:

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Listed by COLDWELL BANKER DREAM CITY REALTY

Data was last updated May 14, 2026 at 02:15 AM (UTC)

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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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.

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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.