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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3A 505 Highway 7 Highway E
Commerce Valley Markham L3T 7T1

$729,000 /For Sale
Commercial

Main Photo: 3A 505 Highway 7 Highway E in Markham: Commerce Valley Commercial for sale : MLS®# N13859050
Photo 1: 3A 505 Highway 7 Highway E in Markham: Commerce Valley Commercial for sale : MLS®# N13859050
Photo 2: 3A 505 Highway 7 Highway E in Markham: Commerce Valley Commercial for sale : MLS®# N13859050
Status:
Active
Prop. Type:
Commercial
MLS® Num:
N13859050
Bus Major:
Retail Store Related
This is a retail unit located in a very busy commercial plaza known as commerce gate. Located in a densely populated neighborhood with residential buildings and office buildings. lot of very busy restaurants and eating places.
Minimum Rental Term:
15
Maximum Rental Term:
30
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
503 sq. ft. Square Feet
Total Area:
503 sq. ft.
Retail Area:
503 sq. ft. Sq Ft
Water supply:
Municipal
Zoning:
commercial retail
Heating type:
Gas Hot Water
Garage:
Plaza
Possession Details:
assume tenant
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2026
Development Charges Paid:
Yes
Type Taxes:
Annual
Taxes:
$3,344 / 2026
Assessment:
$- / 2026
York
Markham
Commerce Valley
Yes
UFFI:
No
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Condo Fee:
$834
Property Management Company:
online property management
Major Business Type:
Retail Store Related
Category:
Commercial Condo
Date Listed:
Oct 03, 2026
Original Price:
Previous Price:
  • Photo 1: 3A 505 Highway 7 Highway E in Markham: Commerce Valley Commercial for sale : MLS®# N13859050
    Photo 1 of 2
  • Photo 2: 3A 505 Highway 7 Highway E in Markham: Commerce Valley Commercial for sale : MLS®# N13859050
    Photo 2 of 2
Listed by HOMELIFE/BAYVIEW REALTY INC.
Data was last updated October 4, 2026 at 02:15 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.