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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673 Gerrard Street E
South Riverdale Toronto M4M 1Y2

$1,318,000 /For Sale
Commercial

Main Photo: 673 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12347637
Photo 1: 673 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12347637
Photo 2: 673 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12347637
Photo 3: 673 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12347637
Photo 4: 673 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12347637
Photo 5: 673 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12347637
Photo 6: 673 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12347637
Photo 7: 673 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12347637
Photo 8: 673 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12347637
Photo 9: 673 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12347637
Photo 10: 673 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12347637
Photo 11: 673 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12347637
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E12347637
PRICED TO SELL!! Premium -Commercial Corner!! - Two Storey Building. Approx. 1600 Sq.ft Total. Lot Size 66 x 16 Ft.- Located in a Rapidly Growing Area Surrounded by Trendy Restaurants, Leslieville, Riverdale, East-China Town Neighbourhoods, and The Future Ontario Line. This Mixed-Use Property Offers a Ground-Level Commercial Unit and a Residential Apartment on The Second Floor. Lower Level with Basement with 2-pce Washroom. Property Offers Terrific Potential. Suitable for End Users, Investors, or Builders to Realize Their Creative Vision and Investment Goals. Property is Sold 'as is" Condition City Permit Access for Marketing Retail Space Outside Corner Spaces for Retail Use. Space at Back of Building can be converted to Parking Spots. Great Investment Opportunity!! Easy Access to Schools Library, Shopping, Hwys, Shopping etc.
Property Type:
Commercial
Property Sub Type:
Store W Apt/Office
Freestanding:
No
Total Area:
1552 sq. ft. Square Feet
Total Area:
1,552 sq. ft.
Retail Area:
776 sq. ft. Sq Ft
Office/Apt Area:
776 sq. ft. Sq Ft
Depth:
66'
Frontage:
16'
Lot Shape:
Rectangular
Lot Details:
16.00 x 66.00 Feet
Water supply:
Municipal
Rooms:
0
Zoning:
CR2.5(c2;r2*2223)
Heating type:
None
Cooling:
No
Garage:
None
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$7,813.73 / 2024
Assessment:
$- / -
Toronto E01
South Riverdale
Toronto
Public Transit, Subways
No
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
No
Seller Property Info Statement:
No
Category:
Store With Apt/Office
Franchise:
No
Date Listed:
Aug 15, 2025
Original Price:
Previous Price:
  • Photo 1: 673 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12347637
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Listed by RE/MAX ESCARPMENT REALTY INC.
Data was last updated September 9, 2025 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.