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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72-74 Lippincott Street
University Toronto M5S 2P1

$1,790,000 /For Sale
Commercial

Main Photo: 72-74 Lippincott Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13846892
Photo 1: 72-74 Lippincott Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13846892
Photo 2: 72-74 Lippincott Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13846892
Photo 3: 72-74 Lippincott Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13846892
Photo 4: 72-74 Lippincott Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13846892
Photo 5: 72-74 Lippincott Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13846892
Photo 6: 72-74 Lippincott Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13846892
Photo 7: 72-74 Lippincott Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13846892
Photo 8: 72-74 Lippincott Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13846892
Photo 9: 72-74 Lippincott Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13846892
Photo 10: 72-74 Lippincott Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13846892
Photo 11: 72-74 Lippincott Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13846892
Photo 12: 72-74 Lippincott Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13846892
Photo 13: 72-74 Lippincott Street in Toronto: University Commercial for sale (Toronto C01)  : MLS®# C13846892
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13846892
Great investment property available for sale located off College Street. The building boasts a 32ft frontage along with lots of character. The electrical has been upgraded to 3 phase and there is a 25mm copper water service. Additionally, the second-floor apartment has been completely renovated and there have been numerous improvements made throughout the building. Buyer to assume Tenants.
Property Type:
Commercial
Property Sub Type:
Store W Apt/Office
Freestanding:
Yes
Total Area:
1247 sq. ft. Square Feet
Total Area:
1,247 sq. ft.
Retail Area:
918 sq. ft. Sq Ft
Office/Apt Area:
329 sq. ft. Sq Ft
Lot Depth:
19'7"
Lot Frontage:
32'2½"
Water supply:
Municipal
Zoning:
Residential/Commercial
Heating type:
Gas Forced Air Closed
Garage:
None
Possession Details:
TBA
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$16,142.84 / 2025
Assessment:
$- / -
Toronto
Toronto C01
University
No
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Category:
Store With Apt/Office
Date Listed:
Oct 01, 2026
Original Price:
Previous Price:
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Listed by RE/MAX EXCEL REALTY LTD.
Data was last updated October 1, 2026 at 03:15 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.