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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TH02 508 Wellington Street W
Waterfront Communities C1 Toronto M5V 0K8

$1,399,800 /For Sale
Commercial

Main Photo: TH02 508 Wellington Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12768622
Photo 1: TH02 508 Wellington Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12768622
Photo 2: TH02 508 Wellington Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12768622
Photo 3: TH02 508 Wellington Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12768622
Photo 4: TH02 508 Wellington Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12768622
Photo 5: TH02 508 Wellington Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12768622
Photo 6: TH02 508 Wellington Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12768622
Photo 7: TH02 508 Wellington Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12768622
Photo 8: TH02 508 Wellington Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12768622
Photo 9: TH02 508 Wellington Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12768622
Photo 10: TH02 508 Wellington Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12768622
Photo 11: TH02 508 Wellington Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12768622
Photo 12: TH02 508 Wellington Street W in Toronto: Waterfront Communities C1 Commercial for sale (Toronto C01)  : MLS®# C12768622
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12768622
Bus Major:
Other
Iconic Fashion District-Unique Boutique Building, On The Most Desirable Wellington St. W. Exceptional 2 Storey, Over 1500 Sq Ft., Commercial Live/Work Townhome. Generous Layout & Luxury Finishes At Every Turn. Direct Street Level Private Entrance & Convenient, 2nd Level Door To Building For Amenities & Elevator. Endless Potential For A Wide Range Of Business Types. Stroll To Vibrant King West For All Daily Errands & Entertainment. Walk, Biker & Riders Paradise. Live And work The Urban Entrepreneurial Dream where success meets stardom. On One Of The Widest Streets Near The New Well And King Toronto Development, Between Victoria Memorial Park & Clarence Square Park.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Approx. Age:
6-15
Total Area:
1529 sq. ft. Square Feet
Total Area:
1,529 sq. ft.
Retail Area:
0 sq. ft. Sq Ft
Office/Apt Area:
1529 sq. ft. Sq Ft
Bathrooms:
3.0
Water supply:
Municipal
Zoning:
Commercial Work / Live Condo Townhouse
Heating type:
Gas Forced Air Closed
Garage:
Underground
Parking Spaces:
1
Possession Details:
Flexible
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$6,899.89 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Waterfront Communities C1
Yes
Public
No
Utilities:
Yes
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Condo Fee:
$1,867.65
Major Business Type:
Other
Category:
Commercial Condo
Franchise:
No
Height of Grade Level Shipping Doors:
1'
Date Listed:
Feb 07, 2026
Original Price:
Previous Price:
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Listed by RE/MAX WEST REALTY INC.
Data was last updated February 7, 2026 at 04:15 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.