Rare offering suitable for a variety of users.The property is zoned for both residential and industrial uses and includes a 2,600 sq. ft.one-storey studio building located on the industrial portion of the lot, accessed from thelaneway. Occupied by an award-winning graphic design firm since 2011, the studio is architecturally designed space featuring four offices, a boardroom, kitchenette, open work area,library, storage, and two washrooms, including one with a shower. The building is wellmaintained and move-in ready. Select furnishings may be available. Adjacent to the studio is a large fenced outdoor deck with a barbecue area, providing an attractive setting for meetings, gatherings, and outdoor enjoyment. Parking includes 3-4 tandem spaces accessed from the laneway, and 5-6 additional parking available at the front of the property and along the driveway on the residential portion of the lot. The property benefits from proximity to existing transit services and is within walking distance of the future Ontario Line station. The surrounding neighbourhood continues to evolve with ongoing residential and commercial development. Purchasers are encouraged to conduct their own due diligence regarding the property's zoning and permitted uses. The site's configuration and dual zoning may warrant exploration of various possibilities, which may include, subject to all required approvals, severance of the residential and industrial portions, additional residential construction, expansion of the existing building, the addition of a second storey, or laneway housing.