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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5031 Herald Road
Mt Albert East Gwillimbury L0G 1M0

$2,388,000 /Gross Lease
Commercial

Main Photo: 5031 Herald Road in East Gwillimbury: Mt Albert Commercial for sale : MLS®# N12831150
Photo 1: 5031 Herald Road in East Gwillimbury: Mt Albert Commercial for sale : MLS®# N12831150
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
N12831150
Outstanding Equestrian facility in Prime York Region location- East Gwillimbury. just 10 mins from Hwy 404! Total 43 Acres w/ majority flat and open land. Partially wooded w/large private freshwater pond. 60 Ft x 100 Ft. indoor Arena with Viewing Room. 9 Stall Coverall Bar & 11 Stall bank Barn. Additional storage shed beside house can be converted to garage. Outdoor fenced arena & multiple outdoor fenced paddocks. Large open grass field for Polo w/exterior walking path for horses. 10 Min to Hwy 404 & 5min to Mount Albert town for shopping, supermarkets, restaurants, golf & more!
Property Type:
Commercial
Property Sub Type:
Farm
Freestanding:
Yes
Total Area:
1873080 sq. ft. Acres
Total Area:
43 acre(s)
Lot Depth:
1366'
Lot Frontage:
1200'
Lot Details:
575.57 x 1250.00 Feet
Water supply:
Well
# Main Level Bedrooms:
0
# Main Level Bathrooms:
0
Rooms:
0
Zoning:
RU
Possession Details:
FLEXIBLE
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$4,140.23 / 2025
Assessment:
$- / -
York
East Gwillimbury
Mt Albert
All existing appliances. 60 Ft x 100 Ft Indoor Arena. 9 Stall Coverall Bar & 11 Stall bank Barn. Additional storage shed beside house can be converted to garage. Currently tenanted until March 14th, 2026. Monthly Rent $5424/Month including HST.
Utilities:
Yes
Seller Property Info Statement:
No
Category:
Agricultural
Date Listed:
Mar 01, 2026
Original Price:
Previous Price:
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Listed by HOMELIFE LANDMARK RH REALTY
Data was last updated March 2, 2026 at 12:15 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.