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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385 Queen Street W
Waterfront Communities C1 Toronto M5V 2A5

$75,000 /For Sale
Commercial

Main Photo: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 1: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 2: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 3: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 4: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 5: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 6: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 7: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 8: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 9: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 10: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 11: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 12: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 13: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 14: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
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Photo 17: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
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Photo 19: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 20: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 21: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 22: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 23: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 24: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 25: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 26: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 27: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Photo 28: 385 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13138474
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13138474
Bus Major:
Convenience/Variety
Well-established convenience store approx. 1,000 sq ft in Downtown Toronto offering strong multiple income streams. Business includes sales of cigarettes, lotto, and beer, plus additional revenue from an on-site ATM machine, Bitcoin machine, and an active luggage storage operation. Property features two dedicated parking spaces and a full basement for storage. Excellent opportunity for owner-operator or investor looking for a turnkey business with diversified income.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
Yes
Retail Area:
1000 sq. ft. Sq Ft
Lot Depth:
80'5"
Lot Frontage:
13'7½"
Bathrooms:
1.0
Water supply:
Municipal
Zoning:
CR3(c3;r3*2087)
Heating type:
Gas Forced Air Closed
Garage:
None
Parking Spaces:
2
Possession Details:
Flexible
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
N/A
Taxes:
$0 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Waterfront Communities C1
All Chattels
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Convenience/Variety
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
24
Employees:
3
Chattels:
Yes
LLBO:
Yes
Seats:
0
Date Listed:
May 16, 2026
Original Price:
Previous Price:
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Listed by SAVE MAX REAL ESTATE INC.
Data was last updated June 9, 2026 at 08:15 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.