395 Red Maple Road in Richmond Hill: Langstaff Commercial for sale : MLS®# N14131366
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.
Exceptional opportunity to acquire a well-maintained, income-producing automotive service property in a highly sought-after Richmond Hill location. Situated on the east side of Red Maple Road, approximately 125 metres north of 16th Avenue, and just off Yonge Street, this property occupies a 0.573-acre site and offers excellent connectivity to Highway 404, Highway 407 ETR, Yonge Street and Highway 7. The approximately 8,230 sq. ft. building features four individually leased units ranging from approximately 1,000 to 3,500 sq. ft. All units except Unit 3 include a small office. Currently generating approximately $180,000 in gross annual rental income, the property benefits from four established tenants, primarily operating automotive-related businesses, with a strong interest in remaining and pursuing long-term lease arrangements. Designed for functionality and flexibility, each unit has its own gas meter, while three hydro meters serve the building: Units 3 and 4 are separately metered, and Units 1 and 2 share a meter. Interconnecting doors between units offer potential flexibility for larger configurations, subject to existing leases and required approvals. Automotive-use properties in this central Richmond Hill location are increasingly difficult to find. Whether you are an investor seeking established rental income or an automotive business owner looking to occupy your own premises while generating income from the remaining units, this property presents a compelling opportunity to build equity and explore future use potential. A recent environmental assessment has also been completed by the owner, providing a valuable starting point for purchaser due diligence. Buyers are encouraged to conduct their own due diligence regarding zoning, existing legal non-conforming uses, environmental matters, leases, rental income and future use potential. Most of the ceiling height is 16 feet, but it varies.
Property Type:
Commercial
Property Sub Type:
Industrial
Freestanding:
Yes
Total Area:
24960 sq. ft. Acres
Total Area:
24,959.88 sq. ft.2,319 m2
Industrial Area:
8230 sq. ft. Sq Ft Divisible
Office/Apt Area:
800 sq. ft. Sq Ft
Lot Depth:
265'3"80.8 m
Lot Frontage:
100'9½"30.7 m
Lot Shape:
Irregular
Water supply:
Municipal
Zoning:
M1 Industrial
Heating type:
Baseboard
Clear Height:
16'4.88 m
Survey Available:
Yes
Garage:
Outside/Surface
Possession Details:
Flexible
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$16,042.86 /
2026
Assessment:
$- /
-
York
Richmond Hill
Langstaff
No
The Buyer shall assume any existing contracts, if applicable, for waste collection, recycling, and snow removal services.
All equipment, tools, personal belongings, and portable air conditioning units are the property of the tenants and are not included in the sale.
• 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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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.