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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Main Photo: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 1: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 2: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 3: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 4: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 5: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 6: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 7: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 8: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 9: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 10: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 11: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 12: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 13: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 14: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 15: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 16: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 17: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 18: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 19: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 20: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 21: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 22: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 23: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 24: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 25: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 26: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 27: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 28: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 29: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 30: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Photo 31: 514A Evans Avenue in Toronto: Alderwood Commercial for sale (Toronto W06)  : MLS®# W13615554
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W13615554
Bus Major:
Hospitality/Food Related
xceptional opportunity to own a fully renovated commercial property in one of Toronto's fastest-growing west-end corridors. Whether you're an owner-occupier looking for a turnkey space or an investor seeking long-term upside, 514A Evans Avenue offers outstanding flexibility, location, and future potential.The property features approximately 1,600 sq. ft. over two levels, with the 800 sq. ft. main floor vacant and available for immediate occupancy-ideal for establishing or expanding your business while benefiting from rental income from the lower level, which is currently tenanted. The E 1.0 Employment Industrial zoning permits a wide range of commercial uses, including professional offices, service businesses, production studios, custom workshops, technology and software development, and more.Positioned in an area undergoing significant transformation, the property stands to benefit from substantial nearby redevelopment, with more than 1,100 new residential units planned in the surrounding community. This continued growth is expected to increase local population density, strengthen demand for commercial services, and enhance the area's long-term appeal.Located just minutes from CF Sherway Gardens and offering exceptional access to the QEW, Gardiner Expressway, and Highway 427, the property provides outstanding connectivity to downtown Toronto, Mississauga, and Pearson International Airport.Additional value may exist through the potential for a second-storey addition or building expansion, subject to City approvals, zoning review, applicable permits, and the buyer's own due diligence.A rare opportunity to secure a renovated commercial property in a thriving location with immediate usability, strong investment fundamentals, and exciting future growth prospects.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
1600 sq. ft. Square Feet
Total Area:
1,600 sq. ft.
Retail Area:
800 sq. ft. Sq Ft
Office/Apt Area:
800 sq. ft. Sq Ft
Lot Depth:
120'2"
Lot Frontage:
16'⅛"
Bathrooms:
2.0
Water supply:
Municipal
Zoning:
E-1
Heating type:
Gas Forced Air Open
Garage:
Outside/Surface
Parking Spaces:
6
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$8,396 / 2025
Assessment:
$- / -
Toronto
Toronto W06
Alderwood
Yes
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Sewers:
Sanitary+Storm Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Major Business Type:
Hospitality/Food Related
Category:
Retail
Franchise:
No
Outside Storage:
No
Date Listed:
Jul 29, 2026
Original Price:
Previous Price:
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Listed by EXP REALTY
Data was last updated July 29, 2026 at 08:15 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.