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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4854 Yonge Street
Lansing-Westgate Toronto M2N 5N2

$5,000,000 /For Sale
Commercial

Main Photo: 4854 Yonge Street in Toronto: Lansing-Westgate Commercial for sale (Toronto C07)  : MLS®# C12711600
Photo 1: 4854 Yonge Street in Toronto: Lansing-Westgate Commercial for sale (Toronto C07)  : MLS®# C12711600
Photo 2: 4854 Yonge Street in Toronto: Lansing-Westgate Commercial for sale (Toronto C07)  : MLS®# C12711600
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12711600
Exceptional investment opportunity along Yonge Street corridor in North York. 4854 Yonge Street is strategically positioned steps away from Sheppard - Yonge Subway Station in one of Toronto's most high-demand commercial nodes. This property boasts unparalleled exposure on Yonge Street, consistent pedestrian & vehicular traffic, Green P parking at the back and immediate proximity to TTC subway access. Surrounded by dense high-rise residential development, established retail, professional services, cuisines of the world at its doorstep, the area continues to attract users seeking transit-oriented locations. With flexible CR zoning and strong underlying land value, the asset provides multiple investment angles, including stable income generation, future rent growth, and potential redevelopment or repositioning upside. The surrounding neighbourhood's ongoing intensification and limited supply of well-located commercial properties further support long-term appreciation. The building boasts 2 storeys plus a roof top patio with The Frog and Firkin as a long standing commercial tenant.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
3060 sq. ft. Square Feet
Total Area:
3,060 sq. ft.
Retail Area:
3060 sq. ft. Sq Ft
Lot Depth:
125'¼"
Lot Frontage:
19'6"
Water supply:
Municipal
Zoning:
CR
Heating type:
Gas Forced Air Closed
Garage:
None
Parking Spaces:
2
Possession Details:
30 Days TBA
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$34,815 / 2025
Assessment:
$- / 2025
Toronto
Toronto C07
Lansing-Westgate
Partial
Chattels owned by the Tenant
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Category:
Multi-Use
Date Listed:
Jan 20, 2026
  • Photo 1: 4854 Yonge Street in Toronto: Lansing-Westgate Commercial for sale (Toronto C07)  : MLS®# C12711600
    Photo 1 of 2
  • Photo 2: 4854 Yonge Street in Toronto: Lansing-Westgate Commercial for sale (Toronto C07)  : MLS®# C12711600
    Photo 2 of 2
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Listed by JAMES SO REALTY LTD.
Data was last updated January 20, 2026 at 06:15 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.