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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40 Fort York Boulevard
Waterfront Communities C1 Toronto M5V 3Z3

$1,498,900 /For Sale
Commercial

Main Photo: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 1: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 2: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 3: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 4: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 5: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 6: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 7: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 8: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 9: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 10: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 11: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 12: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 13: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 14: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 15: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 16: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 17: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Photo 18: 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13425132
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13425132
Bus Major:
Beauty Salon
Rare live/work commercial condominium in the heart of CityPlace offering approximately 1,733 sqft over two levels with direct street exposure on Fort York Boulevard. Permitted work use with existing hair salon operation, ideal for owner-users, investors, beauty or service based businesses. This unique space features soaring 10.5 ft ceilings on the main level, 9 ft ceilings on the second floor, abundant natural light with southern exposure through the floor to ceiling windows, contemporary finishes, three washrooms and a private patio. Currently home to Evolve Hair Studio, an established and highly regarded business operating since 2012, the property benefits from strong brand recognition, a loyal clientele and an exceptional online reputation with over 600 4.7 star Google reviews. Street level visibility, constant pedestrian traffic and a dense surrounding residential population create outstanding exposure and long-term growth potential. The offering includes one underground parking space and provides flexibility for to take over a turnkey operation or expand locations. This is an opportunity to acquire both premium real estate and a successful operating business in one of downtown Toronto's most dynamic neighbourhoods. Financial statements and additional business information available to qualified buyers upon request.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Approx. Age:
6-15
Total Area:
1733 sq. ft. Square Feet
Total Area:
1,733 sq. ft.
Retail Area:
1535 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Bathrooms:
3.0
Water supply:
Municipal
Zoning:
BL1994
Heating type:
Electric Forced Air
Clear Height:
10'5"
Garage:
Underground
Parking Spaces:
1
Possession Details:
TBD
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$11,085.99 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Waterfront Communities C1
No
Refer to Schedule D
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
Yes
Major Business Type:
Beauty Salon
Category:
With Property
Franchise:
No
Days Open:
Open 5 Days
Hours Open:
11am-8pm
Employees:
6
Chattels:
Yes
LLBO:
Yes
Seats:
9
Date Listed:
Jun 10, 2026
Original Price:
Previous Price:
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Listed by REVEL REALTY INC.
Data was last updated June 10, 2026 at 10:15 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.