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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617 Gerrard Street E
South Riverdale Toronto M4M 1Y2

$1,250,000 /For Sale
Commercial

Main Photo: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 1: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 2: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 3: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 4: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 5: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 6: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 7: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 8: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 9: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 10: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 11: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 12: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 13: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 14: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 15: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 16: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 17: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 18: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 19: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 20: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Photo 21: 617 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E13638510
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E13638510
Prime Gerrard Street East mixed-use opportunity in South Riverdale. Attractive two-storey building featuring a large main-floor commercial space, a finished lower-level unit with a separate walk-down entrance, and a three-bedroom apartment above on a month-to-month tenancy. The main-floor and lower-level spaces will be delivered vacant on closing, providing flexibility for investors and an excellent opportunity for owner-users. Located in an established, revitalized east-end neighbourhood surrounded by restaurants, cafés, shops and local businesses, with convenient transit access and minutes to the DVP. Near the future Ontario Line Gerrard Station and proposed Gerrard-Carlaw transit-oriented community.
Property Type:
Commercial
Property Sub Type:
Store W Apt/Office
Freestanding:
No
Total Area:
2669 sq. ft. Square Feet
Total Area:
2,669 sq. ft.
Retail Area:
1500 sq. ft. Sq Ft
Office/Apt Area:
1169 sq. ft. Sq Ft
Lot Depth:
120'
Lot Frontage:
14'4"
Water supply:
Municipal
Zoning:
CR2.5(c2;r2*2223)
Heating type:
Electric Forced Air
Garage:
Outside/Surface
Parking Spaces:
1
Possession Details:
tbd
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$11,691.66 / 2026
Assessment:
$- / -
Toronto
Toronto E01
South Riverdale
No
Utilities:
Available
Air Conditioning:
Partial
Seller Property Info Statement:
No
Category:
Store With Apt/Office
Date Listed:
Aug 05, 2026
Original Price:
Previous Price:
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Listed by RE/MAX ULTIMATE REALTY INC.
Data was last updated August 5, 2026 at 07:15 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.