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464 Sherbourne Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08) : MLS®# C13611406

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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464 Sherbourne Street
Cabbagetown-South St. James Town Toronto M4X 1K2

$225,000 /For Sale
Commercial

Main Photo: 464 Sherbourne Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08) : MLS®# C13611406
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13611406
Bus Major:
Restaurant
RESTAURANT BUSINESS FOR SALE | PRIME DOWNTOWN TORONTO LOCATION | HIGH-DENSITY RESIDENTIAL AREA | EXCELLENT TRANSIT ACCESS | NEAR SCHOOLS, PARKS, HOSPITALS & COMMUNITY FACILITIES | STRONG TAKEOUT AND DELIVERY POTENTIALExcellent opportunity to acquire an established restaurant business at 464 Sherbourne Street in a busy and highly connected downtown Toronto neighbourhood. Surrounded by dense residential communities, schools, parks, community facilities and major employment centres, this location offers strong potential for dine-in, takeout and food-delivery operations.Conveniently located steps from street-level transit and approximately a 9-minute walk to Sherbourne Subway Station. Nearby amenities include Wellesley Community Centre, Winchester Park, Toronto General Hospital and several public and French-language schools. The area benefits from steady pedestrian activity, convenient access to the downtown core and a diverse local customer base.A great opportunity for an owner-operator or experienced restaurateur looking to establish or expand their business in a central Toronto location. Do not go direct or speak with employees. All appointments must be arranged through the listing brokerage.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
1344 sq. ft. Square Feet
Total Area:
1,344 sq. ft.
Retail Area:
1344 sq. ft. Sq Ft
Lot Depth:
84'⅛"
Lot Frontage:
16'
Lot Details:
16.00 x 84.01 Feet
Bathrooms:
2.0
Water supply:
Municipal
Rooms:
0
Zoning:
Commercial
Heating type:
Gas Forced Air Closed
Cooling:
Yes
Clear Height:
9'
Garage:
None
Possession Details:
TBD
HST Applicable To Sale Price:
In Addition To
Type Taxes:
N/A
Taxes:
$0 / 2026
Assessment:
$- / -
Toronto
Toronto C08
Cabbagetown-South St. James Town
Recreation/Community Centre, Subways
No
None
UFFI:
No
Water Supply Types:
Lake/River
Utilities:
Available
Energy Certification:
No
Green Property Information Statement:
No
Sewers:
Sanitary
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
Monday 12 - 11 p.m. Tuesday Closed. Wednesday 12 - 11 p.m. Thursday 12 - 11 p.m. Friday 12 - 11 p.m. Saturday 12 - 11 p.m. Sunday 12:30 a.m. - 11 p.m.
Employees:
7
Chattels:
Yes
LLBO:
No
Seats:
40
Date Listed:
Jul 28, 2026
Original Price:
Previous Price:
  • Photo 1: 464 Sherbourne Street in Toronto: Cabbagetown-South St. James Town Commercial for sale (Toronto C08) : MLS®# C13611406
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Listed by GET HOME REALTY INC.
Data was last updated July 28, 2026 at 06:15 AM (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.