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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97 Carlton Street
Church-Yonge Corridor Toronto M5B 1M1

$125,000 /For Sale
Commercial

Main Photo: 97 Carlton Street in Toronto: Church-Yonge Corridor Commercial for sale (Toronto C08)  : MLS®# C13148172
Photo 1: 97 Carlton Street in Toronto: Church-Yonge Corridor Commercial for sale (Toronto C08)  : MLS®# C13148172
Photo 2: 97 Carlton Street in Toronto: Church-Yonge Corridor Commercial for sale (Toronto C08)  : MLS®# C13148172
Photo 3: 97 Carlton Street in Toronto: Church-Yonge Corridor Commercial for sale (Toronto C08)  : MLS®# C13148172
Photo 4: 97 Carlton Street in Toronto: Church-Yonge Corridor Commercial for sale (Toronto C08)  : MLS®# C13148172
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13148172
Bus Major:
Convenience/Variety
Situated at the busy intersection of Jarvis and Carlton, this well-established convenience store presents an excellent opportunity for buyers seeking a profitable, turnkey business in the heart of downtown Toronto. Operating as a dedicated variety store for decades, the business has built a strong reputation and loyal customer base within the local community. The store has been recently renovated and upgraded with leasehold improvements to serve fast food due to high demand by customers, and has the potential to operate as a cloud kitchen as this business provides clientele with a well established kitchen fit with 3 sinks. Additional revenue streams include OLG/Lotto commissions and an on-site ATM. Passport photo and key-cutting services can be added as secondary revenue streams. The purchase price includes existing inventory, equipment, and leasehold improvements, allowing a new owner to seamlessly take over operations from day one. The sellers are unable to continue managing the business due to personal life reasons, creating a great opportunity for the next owner to step into well-performing and established operations. The seller will provide all supplier and financial details upon due diligence. Please do not go directly to the store, call the listing agent to book a showing. Sellers will provide financials during buyers due diligence.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
600 sq. ft. Square Feet
Total Area:
600 sq. ft.
Retail Area:
600 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Radiant
Garage:
None
Possession Details:
Immediate possession available
HST Applicable To Sale Price:
Included In
Type Taxes:
N/A
Taxes:
$0 / 2025
Assessment:
$- / -
Toronto
Toronto C08
Church-Yonge Corridor
All Stock, Fridges, Shelving
Air Conditioning:
No
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Convenience/Variety
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
N/A
Employees:
2
Chattels:
Yes
LLBO:
Yes
Seats:
0
Date Listed:
May 20, 2026
Original Price:
Previous Price:
  • Photo 1: 97 Carlton Street in Toronto: Church-Yonge Corridor Commercial for sale (Toronto C08)  : MLS®# C13148172
    Photo 1 of 4
  • Photo 2: 97 Carlton Street in Toronto: Church-Yonge Corridor Commercial for sale (Toronto C08)  : MLS®# C13148172
    Photo 2 of 4
  • Photo 3: 97 Carlton Street in Toronto: Church-Yonge Corridor Commercial for sale (Toronto C08)  : MLS®# C13148172
    Photo 3 of 4
  • Photo 4: 97 Carlton Street in Toronto: Church-Yonge Corridor Commercial for sale (Toronto C08)  : MLS®# C13148172
    Photo 4 of 4
Listed by PROPERTY.CA INC.
Data was last updated May 20, 2026 at 10:15 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.