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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78 Main Street S
Central Newmarket Newmarket L3Y 3Y6

$1,149,900 /For Sale
Commercial

Main Photo: 78 Main Street S in Newmarket: Central Newmarket Commercial for sale : MLS®# N12683004
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
N12683004
Bus Major:
Professional Office
Turn of the (last) century beauty ideal for owner / user office space! Significantly upgraded and restored Great exposure and prestige location just steps to the downtown stores, restaurants, transit, Riverwalk Commons and the Go Train. Suits one or two units for income. Zoning is UC-D1 which permits many commercial / institutional / professional / education / retail / and residential uses. Located in the Historic Downtown Urban Centre Zone, but not listed or designated historic. Private driveway with parking for 8 cars plus ample free street parking. Stairwell to unfinished 3rd floor provides storage with the opportunity to finish with dormers for more office space. The basement has good height for storage and a back flow valve. The garage is heated and insulated.
Property Type:
Commercial
Property Sub Type:
Office
Freestanding:
Yes
Total Area:
2324 sq. ft. Square Feet
Total Area:
2,324 sq. ft.
Office/Apt Area:
2324 sq. ft. Sq Ft
Lot Depth:
115'10"
Lot Frontage:
50'
Bathrooms:
2.0
Water supply:
Municipal
Zoning:
U1-D1
Heating type:
Gas Forced Air Open
Survey Available:
Yes
Garage:
Other
Parking Spaces:
8
Possession Details:
60 days / tba
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$9,252 / 2025
Assessment:
$- / 2025
York
Newmarket
Central Newmarket
Public Transit
No
fridge, stove, dishwasher, mini fridge, window coverings, gas burner & equipment, central air conditioner, hot water tank owned. 200 amp breakers, pylon sign. Existing survey available.
None
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Expenses Actual/Estimated:
Actual
Heating Expenses:
$2,361
Hydro Expenses:
$731
Insurance Expenses:
$5,918
Tax Expenses:
$9,252
Year Expenses:
18262
Major Business Type:
Professional Office
Category:
Office
Outside Storage:
Yes
Date Listed:
Jan 10, 2026
Original Price:
Previous Price:
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Listed by RE/MAX HALLMARK REALTY LTD.
Data was last updated January 11, 2026 at 06:15 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.