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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582 Yonge Street
Bay Street Corridor Toronto M4Y 1Z3

$299,000 /For Sale
Commercial

Main Photo: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Photo 1: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Photo 2: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Photo 3: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Photo 4: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Photo 5: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Photo 6: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Photo 7: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Photo 8: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Photo 9: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Photo 10: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Photo 11: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Photo 12: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Photo 13: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
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Photo 15: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Photo 16: 582 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13508840
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13508840
Bus Major:
Restaurant
Highly recognized and well-established Korean rice dog franchise in the heart of downtown Toronto. Ideally situated in a high-traffic location with exceptional exposure, this turnkey business benefits from strong pedestrian traffic year-round, attracting locals, office workers, students, and tourists alike.Currently operating as a successful takeout restaurant with a 20-seat dine-in area, this business is easy to manage with minimal owner involvement. Monthly gross sales are approximately $70,000 (as per the seller), with food costs averaging 28-30%, offering an efficient and profitable operating model.The lease includes no demolition clause, providing added security and long-term peace of mind for the purchaser. An excellent opportunity to acquire a proven franchise in one of Toronto's busiest and most desirable commercial districts.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Retail Area:
0 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Gas Forced Air Open
Garage:
Street
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$0 / 2026
Assessment:
$- / -
Toronto
Toronto C01
Bay Street Corridor
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
Yes
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
Yes
Days Open:
Open 7 Days
Hours Open:
12
Employees:
4
Chattels:
Yes
LLBO:
Yes
Seats:
20
Date Listed:
Jul 01, 2026
Original Price:
Previous Price:
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Listed by Royal LePage Real Estate Associates
Data was last updated July 1, 2026 at 04:15 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.