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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54 Saint Patrick Street
Kensington-Chinatown Toronto M5T 1V1

$6,999,000 /For Sale
Commercial

Main Photo: 54 Saint Patrick Street in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12608912
Photo 1: 54 Saint Patrick Street in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12608912
Photo 2: 54 Saint Patrick Street in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12608912
Photo 3: 54 Saint Patrick Street in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12608912
Photo 4: 54 Saint Patrick Street in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12608912
Photo 5: 54 Saint Patrick Street in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12608912
Photo 6: 54 Saint Patrick Street in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12608912
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12608912
Bus Major:
Professional Office
8,155 SF, impeccably maintained office building steps from Toronto's financial core near University Avenue and Queen Street. 54 St. Patrick Street offers an urban oasis for an occupier seeking a calm environment in a central location. It is an ideal location for firms focused on financial services, legal profession, medical and hospital affiliated services, and public sector services.
Property Type:
Commercial
Property Sub Type:
Office
Freestanding:
No
Total Area:
7016 sq. ft. Square Feet
Total Area:
7,016 sq. ft.
Office/Apt Area:
7016 sq. ft. Sq Ft
Lot Depth:
123'
Lot Frontage:
27'1½"
Water supply:
Municipal
Zoning:
CR 4.0 (c2.0; r3.5) SS1 (x2374)
Heating type:
Gas Forced Air Open
Garage:
Covered
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2024
Type Taxes:
Annual
Taxes:
$47,852 / 2025
Assessment:
$- / 2024
Toronto
Toronto C01
Kensington-Chinatown
Public Transit, Subways
No
None
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Professional Office
Category:
Office
Date Listed:
Dec 08, 2025
  • Photo 1: 54 Saint Patrick Street in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12608912
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  • Photo 2: 54 Saint Patrick Street in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12608912
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  • Photo 3: 54 Saint Patrick Street in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12608912
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  • Photo 4: 54 Saint Patrick Street in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12608912
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  • Photo 5: 54 Saint Patrick Street in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12608912
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  • Photo 6: 54 Saint Patrick Street in Toronto: Kensington-Chinatown Commercial for sale (Toronto C01)  : MLS®# C12608912
    Photo 6 of 6
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Listed by LENNARD COMMERCIAL REALTY
Data was last updated December 11, 2025 at 02:15 AM (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.