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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4023 Sheppard Avenue

Agincourt South-Malvern West Toronto M1S 1S7

$2,750,000 /For Sale

Commercial

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• Details
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Status:

Active

Prop. Type:

Commercial

MLS® Num:

E13061530

Bus Major:

Medical/Dental

• Photos (19)

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Rare Freehold Commercial Offering on Sheppard Avenue East. A distinguished corner property at the intersection of Sheppard Avenue East and Gordon Ave in the established Agincourt South-Malvern West neighbourhood of Toronto. This freestanding, three-level commercial building - plus full basement - delivers approximately 6,672 sq ft of total space (2671sqft Main Floor - 903sqft 2nd Floor - 510sqft 3rd Floor - 2588sqft Basement) on a generous 50 x 119 ft rectangular lot with exceptional north-facing Sheppard Avenue frontage and west-side Gordon Ave. Purpose-built and long tenured as a medical and professional office centre, the property features 18+ rooms across four levels: a fully built-out main floor with multiple examination and consultation rooms equipped with in-floor plumbing, a second-floor apartment-style suite with kitchen, three offices, bathroom, and generous closet space, and a third-floor loft office ideal for private practice or administrative use. The full-height basement offers additional treatment rooms, a bathroom/laundry facility, and ample storage. Three independent HVAC zones, central air conditioning, electric forced air heating, municipal water, and sanitary sewers ensure operational readiness. Roof re-shingled approximately six years ago. Zoned CR0.5(c0.5;r0)*632) under the City of Toronto Official Plan - designated Mixed Use including Residential - and situated within a Major Transit Station Area, this asset presents compelling flexibility for owner-occupiers, investors, or developers exploring land assembly opportunities along one of Scarborough's most trafficked commercial corridors. Immediate possession available. Great opportunity for investors, developers, medical or legal professionals.

General Info:

Property Type:

Commercial

Property Sub Type:

Office

Freestanding:

Yes

Total Area:

6405 sq. ft. Square Feet

Total Area:

6,405 sq. ft.595 m2

Office/Apt Area:

90 sq. ft. %

Lot Depth:

128'39 m

Lot Frontage:

50'15.2 m

Water supply:

Municipal

Zoning:

Commercial - CR0.5 (C0.5;r0)*632)

Additional Info:

Heating type:

Gas Forced Air Open

Garage:

None

Possession Details:

30/60/90/TBD

Financial Info:

HST Applicable To Sale Price:

In Addition To

Development Charges Paid:

Unknown

Type Taxes:

Annual

Taxes:

$19,338.64 / 2025

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E07

Listing Sub-Area:

Agincourt South-Malvern West

Security Features:

No

Inclusions:

All lighting and HVAC equipment is included in as-is/where-is condition.

Elevator:

None

Other Details:

Utilities:

Yes

Air Conditioning:

Partial

Seller Property Info Statement:

No

Business Info:

Major Business Type:

Medical/Dental

Category:

Office

Listing Info:

Date Listed:

Apr 30, 2026

Original Price:

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Previous Price:

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Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA

Data was last updated May 4, 2026 at 02:15 PM (UTC)

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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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.

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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.