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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505 Queen Street
Central Newmarket Newmarket L3Y 2H3

$3,999,000 /For Sale
Commercial

Main Photo: 505 Queen Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N13734614
Photo 1: 505 Queen Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N13734614
Photo 2: 505 Queen Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N13734614
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Photo 42: 505 Queen Street in Newmarket: Central Newmarket Commercial for sale : MLS®# N13734614
Status:
Active
Prop. Type:
Commercial
MLS® Num:
N13734614
Bus Major:
Retail Store Related
Do Not Miss your opportunity to Own this One Of a Kind Stunning "Oasis" Commercial Property in the Heart Of Newmarket Featuring a Custom Built 6000+ Square Foot Commercial Building Boasting Two Floors with Plenty of Parking! This Custom Built Building Boasts over $500,000 in Recent Magazine Quality Designer Upgrades and Finishes Throughout that will Absolutely Amaze You! Featuring a Beautifully Designed Expansive Exterior Along with a Unique Custom Designed Interior Suited for Many Business Uses!Multiple Entrances, 14' Clear Height Main Floor, Second Floor Ceiling Height 11' 3 Retractable Glass Over Head Garage Doors (1x 12'4"x 9'9", 1x 18'4"x 8'10', 1x 18'6"x 9'11'), Skylight, Hardwood and Laminate Flooring, Smooth Ceilings, Pit Lights, Retail Area, Office Areas, Warehouse Area, Gym, 2 Kitchens complete with 3 Appliances, Washer and Dryer, 4 Bathrooms, 400 Amp Electrical Service, Boiler, Hydronic Under Floor Heating System, Security System with Cameras, Outdoor Storage Shed. The Current UC-D2 Zoning permits a Multitude of Uses including: Office, Retail Store, School, Medical Clinic, Restaurant, Place Of Worship, Emergency Services Facility, Veterinary Clinic, Financial Institution, Funeral Home, Art Gallery, Community Centre, Hotel, Long Term Care Facility, Spa and Many More Uses! Perfect for Investors and End Users! Located Close to South Lake Hospital, Main Street Newmarket, Yonge Street, Viva Bus, Go Train Station and Go Bus, Minutes to Highway 404!
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Total Area:
19036 sq. ft. Acres
Total Area:
19,035.72 sq. ft.
Retail Area:
30 sq. ft. %
Industrial Area:
20 sq. ft. %
Office/Apt Area:
50 sq. ft. %
Lot Depth:
123'11"
Lot Frontage:
154'7"
Lot Shape:
Irregular
Water supply:
Municipal
Zoning:
UC-D2
Heating type:
Propane Gas
Garage:
None
Possession Details:
60 Days to be Determined
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$26,866.11 / 2025
Assessment:
$- / -
York
Newmarket
Central Newmarket
No
2x Propane Tanks
1x SS Fridge, 1x SS Stove, 1x SS Microwave Oven, 1x White Fridge, 1x White Stove, 1x White Microwave Oven, 1 Security System with Cameras, Keg Fridge (As Is) Electrical Light Fixtures, All Existing Window Coverings, All Built In Desks.
Lounge Light Fixtures (220 Drop Starry Night Lights) 5x Light Fixtures Above Bar. Retail Lighting For Sale Lighting In Retail Areas.
Utilities:
Yes
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Major Business Type:
Retail Store Related
Category:
Multi-Use
Date Listed:
Sep 02, 2026
Original Price:
Previous Price:
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Listed by RE/MAX REALTRON REALTY INC.
Data was last updated September 1, 2026 at 10:15 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.