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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359 Spadina Avenue
Kensington-Chinatown Toronto M5T 2G3

$7,900,000 /For Sale
Commercial

Main Photo: 359 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13669700
Photo 1: 359 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13669700
Photo 2: 359 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13669700
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13669700
Rarely offered for Sale 3 building with Mixed-use commercial and residential. Current property has Commercial units at Ground-level retail units with established tenants providing stable monthly rental income and Residential at Upper-level residential apartments offering consistent occupancy and cash flow. Prime Location:Situated in one of Torontos most vibrant corridors, with high pedestrian and vehicular traffic, excellent transit access, and proximity to the citys cultural, shopping, and entertainment hubs. Development opportunity for a 60-unit apartment development of 15 floors allowing the buyer to significantly enhance the properties long-term value and income potential. Close to U oT which is host over 60.000 students makes high value for the property.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
15000 sq. ft. Square Feet
Total Area:
15,000 sq. ft.
Retail Area:
6500 sq. ft. Sq Ft
Lot Depth:
140'
Lot Frontage:
45'
Lot Details:
45.00 x 140.00 Feet
Water supply:
Municipal
Rooms:
0
Zoning:
Commecial And Residential
Heating type:
Electric Forced Air
Cooling:
No
Garage:
None
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$85,571.64 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Kensington-Chinatown
Public Transit
Yes
UFFI:
No
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Category:
Multi-Use
Date Listed:
Aug 13, 2026
Original Price:
Previous Price:
  • Photo 1: 359 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13669700
    Photo 1 of 2
  • Photo 2: 359 Spadina Avenue in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C13669700
    Photo 2 of 2
Listed by RE/MAX ATRIUM HOME REALTY
Data was last updated August 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.