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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507 Queen Street W
Waterfront Communities C1 Toronto M5V 2B4

$95,000 /For Sale
Commercial

Main Photo: 507 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13777592
Photo 1: 507 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13777592
Photo 2: 507 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13777592
Photo 3: 507 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13777592
Photo 4: 507 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13777592
Photo 5: 507 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13777592
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13777592
Bus Major:
Restaurant
Exceptional opportunity to acquire a well-established business in the heart of Queen Street West, one of Toronto's most vibrant and high-traffic retail corridors. Surrounded by strong residential density, popular restaurants, boutiques, and national retailers, this prime location offers excellent street exposure and consistent pedestrian traffic. Turn-key operation with existing leasehold improvements and a functional layout suitable for a variety of permitted uses. Ideal for owner-operators or investors looking to establish themselves in a highly sought-after downtown location. *Sale Of Business Without Property - Property Taxes included in monthly lease amount*
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Retail Area:
1100 sq. ft. Sq Ft
Lot Depth:
87'
Lot Frontage:
13'5"
Water supply:
Municipal
Zoning:
retail
Heating type:
Electric Forced Air
Garage:
None
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Type Taxes:
N/A
Taxes:
$22,607 / 2026
Assessment:
$- / 2025
Toronto
Toronto C01
Waterfront Communities C1
all chattels - list to be provided
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Hours Open:
10am - 10pm
Employees:
4
Chattels:
Yes
LLBO:
Yes
Seats:
30
Date Listed:
Sep 13, 2026
Original Price:
Previous Price:
  • Photo 1: 507 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13777592
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  • Photo 2: 507 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13777592
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  • Photo 3: 507 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13777592
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  • Photo 4: 507 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13777592
    Photo 4 of 5
  • Photo 5: 507 Queen Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C13777592
    Photo 5 of 5
Listed by RIGHT AT HOME REALTY
Data was last updated September 13, 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.