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.

Forgot password Extend Verify Contact

506 7191 Yonge Street
Thornhill Markham L3T 0C4

$1,299,888 /For Sale
Commercial

Main Photo: 506 7191 Yonge Street in Markham: Thornhill Commercial for sale : MLS®# N13505142
Status:
Active
Prop. Type:
Commercial
MLS® Num:
N13505142
Property Type:
Commercial
Property Sub Type:
Office
Freestanding:
No
Total Area:
1577 sq. ft. Square Feet
Total Area:
1,577 sq. ft.
Office/Apt Area:
1314 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
Professional Office
Heating type:
Electric Forced Air
Garage:
Underground
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$4,680 / 2026
Assessment:
$- / -
York
Markham
Thornhill
Yes
Public
No
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Condo Fee:
$1,838.83
Property Management Company:
Brookfield Management
Category:
Office
Days Open:
Open 5 Days
Chattels:
Yes
Date Listed:
Jun 30, 2026
Original Price:
Previous Price:
  • Photo 1: 506 7191 Yonge Street in Markham: Thornhill Commercial for sale : MLS®# N13505142
    Photo 1 of 1
Listed by RE/MAX REALTRON REALTY INC.
Data was last updated June 30, 2026 at 08:15 PM (UTC)
DARYL  KING
powered by myRealPage.com

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.