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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3248 YONGE Street
Lawrence Park North Toronto M4N 2L4

$2,280,000 /For Sale
Commercial

Main Photo: 3248 YONGE Street in Toronto: Lawrence Park North Commercial for sale (Toronto C04)  : MLS®# C12831840
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12831840
Prime Yonge Street investment opportunity. Fully leased two-storey commercial building with roof top signage in a high-traffic, established neighbourhood. Features two ground-floor retail units and one second-floor office tenant. Excellent visibility and convenient access to Highway 401, TTC, and the subway. Surrounded by strong residential density, retail, dining, and professional services. Turnkey asset with stable rental income.
Property Type:
Commercial
Property Sub Type:
Store W Apt/Office
Freestanding:
No
Total Area:
2237 sq. ft. Square Feet
Total Area:
2,237 sq. ft.
Retail Area:
1155 sq. ft. Sq Ft
Office/Apt Area:
1082 sq. ft. Sq Ft
Lot Depth:
122'3"
Lot Frontage:
19'
Water supply:
Municipal
Zoning:
CR3(c2;r2.5*2431)
Heating type:
Water Radiators
Garage:
Outside/Surface
Parking Spaces:
2
Possession Details:
tbd
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$26,640.61 / 2025
Assessment:
$- / -
Toronto
Toronto C04
Lawrence Park North
No
Utilities:
Available
Air Conditioning:
Partial
Seller Property Info Statement:
No
Category:
Store With Apt/Office
Date Listed:
Mar 01, 2026
  • Photo 1: 3248 YONGE Street in Toronto: Lawrence Park North Commercial for sale (Toronto C04)  : MLS®# C12831840
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Listed by RE/MAX ULTIMATE JULIE SEO REALTY
Data was last updated March 2, 2026 at 12:15 PM (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.