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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TH G05 40 Fort York Boulevard
Waterfront Communities C1 Toronto M5V 3Z3

$350,000 /For Sale
Commercial

Main Photo: TH G05 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12571308
Photo 1: TH G05 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12571308
Photo 2: TH G05 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12571308
Photo 3: TH G05 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12571308
Photo 4: TH G05 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12571308
Photo 5: TH G05 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12571308
Photo 6: TH G05 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12571308
Photo 7: TH G05 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12571308
Photo 8: TH G05 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12571308
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12571308
Bus Major:
Beauty Salon
Evolve Hair Studio is tucked into the vibrant heart of City Place at 40 Fort York Blvd. This is a profitable, fully turn-key salon that marries sophistication, sustainability, and strong community roots. Founded in 2012, it has grown into a beloved, highly trusted name in Toronto's downtown salon scene, with marketing, operational, inventory, and financial systems already in place to help the next owner thrive. Supported by 618 Google reviews with a 4.7rating, a strong and talented team, and a loyal client base with a 75-80% retention rate, Evolve offers consistent performance, a refined client experience, and significant potential for continued growth in one of downtown Toronto's most dynamic hubs. After 20 years in the industry, the current owners are ready for their next chapter-now it's time for Evolve to evolve with new, passionate ownership. The Monthly Maintenance fees paid by the Landlord, cover Heat and water, ensuring minimal monthly operating expenses.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Approx. Age:
6-15
Total Area:
1733 sq. ft. Square Feet
Total Area:
1,733 sq. ft.
Retail Area:
1535 sq. ft. Sq Ft
Industrial Area:
0 sq. ft. Sq Ft
Office/Apt Area:
0 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
BL1994
Heating type:
Electric Forced Air
Clear Height:
0'
Garage:
Other
Parking Spaces:
1
Possession Details:
TBD/Flexible
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$0 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Waterfront Communities C1
Partial
N/A
11 salon Chairs. 9 Mirrored Stations, 6 Salon Sinks, Patio Furniture, Washer and Dryer, 2Mini Fridges, Espresso Machine, 2 apple ipads, 2 apple macbook laptops, Iphone 14, 2 hot towel machines, 5 cart trolleys, 2 vish smart scales, all product and colour inventory.
None
No
Utilities:
Available
Sewers:
None
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
Yes
Expenses Actual/Estimated:
Actual
Year Expenses:
2024
Major Business Type:
Beauty Salon
Category:
Without Property
Franchise:
No
Days Open:
Open 5 Days
Hours Open:
N/A
Employees:
6
Chattels:
Yes
LLBO:
No
Seats:
9
Date Listed:
Nov 24, 2025
Original Price:
Previous Price:
  • Photo 1: TH G05 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12571308
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  • Photo 2: TH G05 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12571308
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  • Photo 5: TH G05 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12571308
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  • Photo 8: TH G05 40 Fort York Boulevard in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12571308
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Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY
Data was last updated November 25, 2025 at 02:15 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.