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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448-454 Markham Road
Woburn Toronto M1J 3E3

$10,950,000 /For Sale
Commercial

Main Photo: 448-454 Markham Road in Toronto: Woburn Commercial for sale (Toronto E09)  : MLS®# E13576072
Photo 1: 448-454 Markham Road in Toronto: Woburn Commercial for sale (Toronto E09)  : MLS®# E13576072
Photo 2: 448-454 Markham Road in Toronto: Woburn Commercial for sale (Toronto E09)  : MLS®# E13576072
Photo 3: 448-454 Markham Road in Toronto: Woburn Commercial for sale (Toronto E09)  : MLS®# E13576072
Photo 4: 448-454 Markham Road in Toronto: Woburn Commercial for sale (Toronto E09)  : MLS®# E13576072
Photo 5: 448-454 Markham Road in Toronto: Woburn Commercial for sale (Toronto E09)  : MLS®# E13576072
Photo 6: 448-454 Markham Road in Toronto: Woburn Commercial for sale (Toronto E09)  : MLS®# E13576072
Photo 7: 448-454 Markham Road in Toronto: Woburn Commercial for sale (Toronto E09)  : MLS®# E13576072
Photo 8: 448-454 Markham Road in Toronto: Woburn Commercial for sale (Toronto E09)  : MLS®# E13576072
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E13576072
Bus Major:
Residential
448-454 Markham Rd, Scarborough, is a fully-approved townhouse development site on 1.84 acres of land, located near the major intersection of Markham Rd and Lawrence Ave E. City of Toronto zoning by-law approvals permit the development of 47 townhouses with 96,789 sf of gross floor area and 88,360 sf of saleable area. The site is approaching shovel-ready status, and Site Plan Notice of Approval Conditions are expected in the summer of 2026. The site provides builders and developers an exceptional opportunity to capitalize on the recently announced HST rebate on new home sales (expires March 31,2027) and reductions to City of Toronto development charges. The site's large size and Avenues designation also provide the potential to up-zone for additional density or explore alternative development concepts. Close proximity to Cedarbrae Mall, Cedar Heights Plaza, Eglinton GO Station, Highway 401, and Lake Ontario.
Property Type:
Commercial
Property Sub Type:
Land
Total Area:
80275 sq. ft. Square Feet
Total Area:
1.84 acre(s)
Lot Depth:
223'
Lot Frontage:
365'
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
Residential Townhouse - RT (u42) (x361)
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$41,824 / 2026
Assessment:
$- / -
Toronto
Toronto E09
Woburn
Utilities:
Available
Sewers:
Sanitary+Storm Available
Seller Property Info Statement:
Yes
Major Business Type:
Residential
Category:
Designated
Date Listed:
Jul 17, 2026
Original Price:
Previous Price:
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Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
Data was last updated July 17, 2026 at 07:15 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.