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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987 Bay Street
Bay Street Corridor Toronto M5S 3C4

$149,000 /For Sale
Commercial

Main Photo: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 1: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 2: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 3: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 4: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 5: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 6: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 7: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 8: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 9: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 10: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 11: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 12: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 13: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 14: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
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Photo 16: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 17: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 18: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 19: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 20: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 21: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 22: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 23: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 24: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 25: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 26: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Photo 27: 987 Bay Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01)  : MLS®# C13638908
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13638908
Bus Major:
Restaurant
Prime location featuring an established, high-income shawarma restaurant offered as a turnkey business opportunity. Comprehensive training is available upon request. Situated in a high-traffic area near the University of Toronto, the property benefits from a rapidly expanding population of both residents and office professionals. This corner unit offers excellent exposure and is located within a prominent residential and retail complex. All existing chattels, equipment, and the full exhaust system are included. This space is ideally suited for a variety of culinary concepts, including Greek, Thai, Vietnamese, or Chinese cuisine. Net rent is $7,297.50 per month, plus T.M.I.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
1251 sq. ft. Square Feet
Total Area:
1,251 sq. ft.
Retail Area:
100 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Electric Forced Air
Garage:
Underground
Possession Details:
Flexible ; 30/60/90
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
TMI
Taxes:
$30 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Bay Street Corridor
Press Dough Machine.
All Exhaust System, Chattels, & Equipment
None
No
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Expenses Actual/Estimated:
Estimated
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Hours Open:
Mon-Wed: 10am-2pm. Thurs - Sat: 10am - 3am. Sun: 10am - 2pm
Employees:
2
Chattels:
Yes
LLBO:
No
Seats:
20
Date Listed:
Aug 05, 2026
Original Price:
Previous Price:
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Listed by ROYAL STAR REALTY INC.
Data was last updated August 5, 2026 at 07:15 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.