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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853 Simcoe Street S
Lakeview Oshawa L1H 4K8

$849,888 /For Sale
Commercial

Status:
Active
Prop. Type:
Commercial
MLS® Num:
E12629232
Bus Major:
Other
Rare Live & Work From Home in Sought-After Lakeview Community of Oshawa! Top 5 Reasons You will like this property: 1) Excellent Investment Opportunity Live & Work at Home, Potential to Earn 7%-9% Cap! 2) Many permitted Uses: Residential, Automotive, Office, Day Care. Long Term Care, Personal Service Establishment, Funeral Home, With a Drive-Thru Window, Plus Many, Many More. See the Attached Zoning & Permitted Uses, 3) Premium Double Lot 88.88 Feet Frontage & 112.32 Feet Depth With Large Drive and a Curb Cut Out for an Optional 2nd. Driveway, an Incredible Backyard With Potential to Build a Backyard Home, Guest House, Allowing for more Income, 4) 5 Bedrooms, 2 Kitchens, 3 Bathrooms With a Separate Entrance to an Unspoiled 7-Foot-High Ceiling Basement Allowing for Additional Rental Income Potential, 5) Minutes from Hwy 401, Go Train, Lake Ontario and Transit. Not A Heritage Property Or Designation!!!
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Approx. Age:
100+
Total Area:
9978 sq. ft. Square Feet
Total Area:
9,978.14 sq. ft.
Retail Area:
0 sq. ft. Sq Ft
Lot Depth:
112'4"
Lot Frontage:
88'10½"
Water supply:
Municipal
Zoning:
PSC-A
Heating type:
Gas Forced Air Closed
Survey Available:
No
Garage:
Outside/Surface
Possession Details:
Immediate
HST Applicable To Sale Price:
Included In
Assessment:
$349,000
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$5,320 / 2025
Assessment:
$349,000.00 / 2025
Durham
Oshawa
Lakeview
No
Stainless Steel Fridge & Stove (21), Clothes Washer & Clothes Dryer (21), Furnace & Shingles (21), 200 Amp Electrical Panel With 3 Sub-Panels, 3 Electric HWT (Owned), Windows-Attic Insulation-Eaves-Soffits-Facia-Downspouts (2010), GB & E (Furnace Owned), ELFS, Window Coverings.
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Other
Category:
Multi-Use
Outside Storage:
Yes
Date Listed:
Dec 12, 2025
Original Price:
Previous Price:
Listed by EXP REALTY
Data was last updated December 12, 2025 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.