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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968 O'Connor Drive
O'Connor-Parkview Toronto M4B 2T3

$6,900,000 /For Sale
Commercial

Main Photo: 968 O'Connor Drive in Toronto: O'Connor-Parkview Commercial for sale (Toronto E03)  : MLS®# E12418326
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E12418326
Bus Major:
Residential
An excellent opportunity to acquire a vacant land development opportunity located in a mature residential community with abundant amenities. The property is conveniently located near daily needs retail accessible within walking distance and major commercial centres located within a10-minute drive (Golden Mile area). In 2021, City Council approved a ZBA on the subject Site to allow for a 10-storey mixed-use building. The Site is designated Mixed Use Areas and is located along an Avenue. Under Zoning By-law 569-2013, the Site is zoned Commercial Residential(CR 0.8 (c0.8; r0.0) SS3 (x312)), with a maximum permitted height of 6 metres and a maximum total and commercial density of 0.8 times the lot area. Exception 312 allows for a total maximum GFA of 104,948 sf with a minimum non-residential GFA of 3,875 sf. The maximum number of dwelling units permitted is 126.
Property Type:
Commercial
Property Sub Type:
Land
Freestanding:
Yes
Total Area:
19655 sq. ft. Square Feet
Total Area:
19,655 sq. ft.
Depth:
189'
Frontage:
90'5"
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
Commercial Resid - CR 0.8 (c0.8; r0.0) SS3 (x312)
Possession Details:
Immediate
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$49,355 / 2024
Assessment:
$- / -
Toronto E03
O'Connor-Parkview
Toronto
Utilities:
Available
Sewers:
Sanitary+Storm Available
Seller Property Info Statement:
No
Major Business Type:
Residential
Category:
Designated
Date Listed:
Sep 22, 2025
  • Photo 1: 968 O'Connor Drive in Toronto: O'Connor-Parkview Commercial for sale (Toronto E03)  : MLS®# E12418326
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Listed by CUSHMAN & WAKEFIELD
Data was last updated September 23, 2025 at 12:15 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.