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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458 Markham Street
Palmerston-Little Italy Toronto M6G 2L2

$3,400,000 /For Sale
Commercial

Main Photo: 458 Markham Street in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01)  : MLS®# C13482698
Photo 1: 458 Markham Street in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01)  : MLS®# C13482698
Photo 2: 458 Markham Street in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01)  : MLS®# C13482698
Photo 3: 458 Markham Street in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01)  : MLS®# C13482698
Photo 4: 458 Markham Street in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01)  : MLS®# C13482698
Photo 5: 458 Markham Street in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01)  : MLS®# C13482698
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Photo 50: 458 Markham Street in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01)  : MLS®# C13482698
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13482698
Bus Major:
Other
Professionals or Investors. Main floor DENTAL OFFICE plus 4 residential units. This grand beauty has been very well maintained and it represents a time of design and construction not seen in generations. There are currently 4 units plus an unoccupied professional dental office which has an entrance on Harbord Street with great exposure and is approximately 1,400 sq. ft. . Located in the heart of the Annex, you are right along Harbord Street at Markham and only steps to Bathurst, Bloor street nd the subway. This is a perfect live/work space or investment opportunity. Over 4,200 square feet, the building was extensively renovated in 1990 and the roof was fully replaced 2 years ago. There is parking at the rear with easy access off Harbord St. This bustling neighborhood attracts people who want a beautiful downtown area with character, architecturally beautiful homes from the early 1900's and super convenient access to downtown, U of T and hospital row. Currently there are 2-two bedroom units, 1-one bedroom unit and a bachelor unit. Three of the units have their own balconies. The basement is a high and very dry basement with a separate entrance, storage and a laundry area for the dental clinic. Plans currently exist to convert the dental office into 2 more residential units. Call LA to discuss.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Approx. Age:
100+
Total Area:
4427 sq. ft. Square Feet
Total Area:
4,427 sq. ft.
Retail Area:
1400 sq. ft. Sq Ft
Lot Depth:
125'
Lot Frontage:
24'
Bedrooms:
5
Bathrooms:
7.0
Water supply:
Municipal
Kitchens:
4
Zoning:
res
Heating type:
Radiant
Heating Fuel:
Gas
Garage:
None
Parking Spaces:
4
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$18,890 / 2026
Assessment:
$- / -
Toronto
Toronto C01
Palmerston-Little Italy
No
All existing appliances and chattels belonging to the Seller. (4 fridges, 4 stoves, 4 washers, 4 dryers, 2 wall a/c uits)
none
Utilities:
Yes
Energy Certification:
No
Air Conditioning:
Partial
Seller Property Info Statement:
No
Major Business Type:
Other
Category:
Retail
Date Listed:
Jun 24, 2026
Original Price:
Previous Price:
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Listed by RE/MAX HALLMARK REALTY LTD.
Data was last updated June 25, 2026 at 06:22 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.

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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.