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4240* Lawrence Avenue in Toronto: West Hill Commercial for sale (Toronto E10) : MLS®# E12371520

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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4240* Lawrence Avenue
West Hill Toronto M1E 2S6

$9,900,000 /For Sale
Commercial

Main Photo: 4240* Lawrence Avenue in Toronto: West Hill Commercial for sale (Toronto E10) : MLS®# E12371520
Photo 1: 4240* Lawrence Avenue in Toronto: West Hill Commercial for sale (Toronto E10) : MLS®# E12371520
Photo 2: 4240* Lawrence Avenue in Toronto: West Hill Commercial for sale (Toronto E10) : MLS®# E12371520
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E12371520
Bus Major:
Residential
*Full address: 4240, 4244, 4246 Lawrence Avenue E & 1 Collinsgrove Road Toronto, ON M1E 2S6 & M1E 3S3. *See Schedule for full list of Legal Descriptions. Properties are being sold together. Property Tax is as follows: 4244 Lawrence Ave E - $3,231.43 | 4246 Lawrence Ave E - $3,331.37 | 1 Collinsgrove Road - $3,364.68. Toronto is enabling six-storey housing on major residential streets through Official Plan Amendment 727 and a corresponding Zoning By-law Amendment (By-law 608-2024), which were adopted in June 2024, though some aspects remain under appeal at the Ontario Land Tribunal. This policy change permits small-scale apartment buildings and townhouses up to six storeys along major streets in Neighbourhoods areas, aiming to increase housing supply by creating more mid-rise developments near existing transit and services.
Property Type:
Commercial
Property Sub Type:
Land
Freestanding:
Yes
Total Area:
47916 sq. ft. Acres
Total Area:
1.1 acre(s)
Depth:
0'
Frontage:
0'
Water supply:
Municipal
Zoning:
rd (F15.0;A696) (x1300)
HST Applicable To Sale Price:
Included In
Development Charges Paid:
Unknown
Type Taxes:
Annual
Taxes:
$3,065 / 2025
Assessment:
$- / -
Toronto E10
West Hill
Toronto
Public Transit, Recreation/Community Centre
No
Utilities:
Available
Energy Certification:
No
Green Property Information Statement:
No
Sewers:
Sanitary+Storm
Seller Property Info Statement:
No
Major Business Type:
Residential
Category:
Designated
Date Listed:
Aug 30, 2025
Original Price:
Previous Price:
  • Photo 1: 4240* Lawrence Avenue in Toronto: West Hill Commercial for sale (Toronto E10) : MLS®# E12371520
    Photo 1 of 2
  • Photo 2: 4240* Lawrence Avenue in Toronto: West Hill Commercial for sale (Toronto E10) : MLS®# E12371520
    Photo 2 of 2
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Listed by HOMELIFE NEW WORLD REALTY INC.
Data was last updated August 31, 2025 at 08:15 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.

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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.