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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7, 8 , 23 231 Millway Avenue

Concord Vaughan L4K 3W7

$1 /For Sale

Commercial

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• Details
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Status:

Active

Prop. Type:

Commercial

MLS® Num:

N13749096

Bus Major:

Cooler/Freezer/Food Inspect

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Exceptional owner-user and investment opportunity Vaughan's premier employment district. Offering consists of three legally separate industrial condominium units approximately 18,193 sq. ft., currently operating as one seamless facility with no separating demising walls, providing the functionality of a single large industrial building while preserving the flexibility of three legal units. The property features approximately 20% finished office/showroom space with mezzanine, 20' clear height, full sprinkler system, 1 truck-level loading door, 2 drive-in shipping doors, and six industrial walk-in freezers, making it ideal for food processing, cold storage, distribution, manufacturing and specialty operations. Two separately leased spaces currently generate $3,600 per month each ($7,200/month total), providing attractive holding income while occupying or planning for future use. Ownership has invested approximately $50,000 in engineering fees to date and holds open permits for a bathroom upgrade and a new mezzanine staircase (estimated $25,000 to complete), giving a purchaser a head start on value-add improvements already in progress. The property has received approval for Prestige Mixed-Use designation, creating significant long-term redevelopment potential. Ownership believes the approved planning framework may provide substantial future value enhancement, with potential upside estimated at more than $300 per square foot, subject to purchaser verification, approvals and independent due diligence. Ideally situated on a prominent corner within a well-maintained industrial complex with excellent exposure along Millway Avenue and immediate access to Highways 400, 407 and Highway 7, just minutes from Vaughan Metropolitan Centre subway station. An outstanding opportunity for owner-users, developers and investors seeking a premium industrial asset with immediate income and exceptional long-term upside in one of Vaughan's fastest-growing employment and mixed-use corridors.

General Info:

Percent of Building:

100

Property Type:

Commercial

Property Sub Type:

Industrial

Freestanding:

No

Approx. Age:

31-50

Total Area:

18193 sq. ft. Square Feet

Total Area:

18,193 sq. ft.1,690 m2

Industrial Area:

14499 sq. ft. Sq Ft

Office/Apt Area:

3624 sq. ft. Sq Ft

Lot Depth:

1'0.3 m

Lot Frontage:

1'0.3 m

Lot Shape:

Irregular

Bathrooms:

4.0

Water supply:

Municipal

Soil Test:

No

Zoning:

Prestige Mixed-Use II

Additional Info:

Heating type:

Gas Forced Air Closed

Clear Height:

20'2"6.15 m

Survey Available:

Yes

Garage:

Outside/Surface

Lot Irregularities:

Irregular industrial condominium unit co

Financial Info:

HST Applicable To Sale Price:

In Addition To

Development Charges Paid:

Yes

Type Taxes:

Annual

Taxes:

$50,011 / 2025

Assessment:

$- / -

County:

York

Listing Area:

Vaughan

Listing Sub-Area:

Concord

Area Influences:

Major Highway, Public Transit

Security Features:

Yes

Inclusions:

office furniture, and fixtures

Exclusions:

6 freezers at $250, 000 in addition to price

Elevator:

None

Crane:

No

Rail:

No

Other Details:

Utilities:

Yes

Energy Certification:

No

Green Property Information Statement:

No

Air Conditioning:

Yes

Seller Property Info Statement:

No

Physically Handicapped-Equipped:

Yes

Commercial Info:

Condo Fee:

$1,960.26

Business Info:

Major Business Type:

Cooler/Freezer/Food Inspect

Category:

Industrial Condo

Outside Storage:

Yes

Number of Double Man Shipping Doors:

0

Number of Drive-In Level Shipping Doors:

2

Height of Drive-In Level Shipping Doors:

10'3.05 m

Width of Drive-In Level Shipping Doors:

10'3.05 m

Number of Grade Level Shipping Doors:

0

Number of Truck Level Shipping Doors:

1

Height of Truck Level Shipping Doors:

10'3.05 m

Width of Truck Level Shipping Doors:

7'6"2.29 m

Listing Info:

Date Listed:

Sep 05, 2026

Original Price:

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Previous Price:

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Listed by KELLER WILLIAMS ADVANTAGE REALTY

Data was last updated September 5, 2026 at 09:15 PM (UTC)

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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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.

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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.