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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Main 516 Danforth Avenue
Playter Estates-Danforth Toronto M4K 1P6

$275,000 /For Sale
Commercial

Main Photo: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 1: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 2: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 3: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 4: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 5: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 6: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 7: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 8: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 9: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 10: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 11: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 12: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 13: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 14: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 15: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 16: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 17: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 18: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 19: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
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Photo 21: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 22: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 23: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 24: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 25: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 26: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Photo 27: Main 516 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03)  : MLS®# E12649690
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E12649690
Bus Major:
Restaurant
An Exceptional Opportunity To Own A Well-Established Restaurant In The Heart Of Greektown on the Danforth, Located Directly On Danforth Avenue And Positioned Right In The Middle Of The World-Famous Taste of the Danforth Route, Delivering Outstanding Seasonal Foot Traffic And Exposure; Just Steps To Pape Station And Chester Station, And Surrounded By Dense, Affluent Residential Neighbourhoods Including Playter Estates And North Riverdale, This Proven Restaurant Corridor Offers Strong Daily Traffic, Excellent Transit Access, And Year-Round Dining Demand; The Restaurant Features A Liquor Licence, Seating For 60+ Indoors, A 20-Seat Patio Plus A Seasonal 16-Seat Summer Patio, A Fully Equipped 14-Ft Commercial Hood, A 5-Ft Pizza Oven, A Walk-In Cooler, And A Spacious, Efficient Kitchen, With All Equipment In Good Condition And Included, Making It Ready To Operate As-Is Or Easily Rebranded For Any Cuisine Or Concept; A Long-Term Lease Is In Place Until July 2032 With A 5-Year Option To Renew-A Rare Chance To Secure A Turnkey Restaurant In One Of Toronto's Most Sought-After Dining Locations.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Retail Area:
1820 sq. ft. Sq Ft
Lot Depth:
90'
Lot Frontage:
22'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Gas Forced Air Open
Garage:
Street
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Type Taxes:
N/A
Taxes:
$0 / 2025
Assessment:
$- / 2025
Toronto
Toronto E03
Playter Estates-Danforth
Public Transit, Subways
None
All Chattel And Equipment Are Included.
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Hours Open:
11:30am-10:30pm
Employees:
4
Chattels:
Yes
LLBO:
Yes
Seats:
60
Date Listed:
Dec 24, 2025
Original Price:
Previous Price:
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Listed by RE/MAX PREMIER INC.
Data was last updated December 25, 2025 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.

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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.