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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674 College Street
Palmerston-Little Italy Toronto M6G 1B8

$65,000 /For Sale
Commercial

Main Photo: 674 College Street in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01)  : MLS®# C13172806
Photo 1: 674 College Street in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01)  : MLS®# C13172806
Photo 2: 674 College Street in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01)  : MLS®# C13172806
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13172806
Bus Major:
Dry Cleaning/Laundry
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Retail Area:
250 sq. ft. Sq Ft
Lot Depth:
13'
Lot Frontage:
12'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Electric Forced Air
Garage:
Street
Possession Details:
TBA
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$1 / 2026
Assessment:
$- / -
Toronto
Toronto C01
Palmerston-Little Italy
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
Yes
Major Business Type:
Dry Cleaning/Laundry
Category:
Without Property
Franchise:
No
Days Open:
Open 6 Days
Hours Open:
9
Employees:
1
Chattels:
Yes
LLBO:
No
Seats:
1
Date Listed:
May 26, 2026
Original Price:
Previous Price:
  • Photo 1: 674 College Street in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01)  : MLS®# C13172806
    Photo 1 of 2
  • Photo 2: 674 College Street in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01)  : MLS®# C13172806
    Photo 2 of 2
Listed by BAY STREET GROUP INC.
Data was last updated May 26, 2026 at 01:15 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.