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421, 421A Donlands Avenue in Toronto: East York Commercial for sale (Toronto E03) : MLS®# E13806988

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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421, 421A Donlands Avenue
East York Toronto M4J 3S2

$999,999 /For Sale
Commercial

Main Photo: 421, 421A Donlands Avenue in Toronto: East York Commercial for sale (Toronto E03) : MLS®# E13806988
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E13806988
POWER OF SALE - PRIME EAST YORK LOCATION! Welcome to an exceptional opportunity to own a unique commercial/residential property in a high-traffic and highly visible area of East York. This versatile property offers excellent potential for investors, entrepreneurs, owner-occupiers, or buyers looking to create a customized live/work space. The property features two separate entrances, providing flexibility for a variety of potential uses and configurations. Whether you are looking to operate your business from the property, establish a live/work setup, or explore its income-producing potential, this property offers plenty of possibilities. Front and rear parking provide added convenience and functionality, while the property's prominent location offers excellent street exposure and visibility. The property requires TLC and updating, making it an ideal opportunity for buyers with vision who are prepared to renovate and personalize the space to suit their needs. There is potential to transform the property into a functional and attractive commercial/residential asset while adding value through improvements. Located in an established East York area with high traffic, strong street presence, and convenient access to surrounding amenities and transportation, this property provides an opportunity to secure a versatile asset in a well-connected location. Power of Sale. Property is being sold strictly "as is, where is." Buyer and buyer's agent to conduct their own due diligence regarding permitted uses, zoning, measurements, taxes, and all other property details. Bring your vision, creativity, and renovation plans - opportunities like this don't come along often!
Property Type:
Commercial
Property Sub Type:
Store W Apt/Office
Freestanding:
No
Total Area:
1200 sq. ft. Square Feet
Total Area:
1,200 sq. ft.
Retail Area:
1200 sq. ft. Sq Ft
Office/Apt Area:
1200 sq. ft. Sq Ft
Lot Depth:
100'1½"
Lot Frontage:
24'9"
Water supply:
Municipal
Zoning:
CR2.5(c2.5;rl*ll63)
Heating type:
Gas Forced Air Open
Garage:
None
Possession Details:
VACANT
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$10,788 / 2025
Assessment:
$- / 2025
Toronto
Toronto E03
East York
Yes
As is where is
None
Utilities:
Available
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Category:
Store With Apt/Office
Franchise:
No
Days Open:
Varies
Chattels:
Yes
LLBO:
No
Date Listed:
Sep 20, 2026
Original Price:
Previous Price:
  • Photo 1: 421, 421A Donlands Avenue in Toronto: East York Commercial for sale (Toronto E03) : MLS®# E13806988
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Listed by ROYAL LEPAGE PREMIUM ONE REALTY
Data was last updated September 20, 2026 at 06:15 PM (UTC)
DARYL KING
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.

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.