An exceptional & RARE opportunity to own a versatile live/work freehold townhome, thoughtfully designed for both lifestyle and income potential. This executive residence sits above a professionally finished main floor commercial space ideal for launching your own business or generating additional rental income. The upper-level residence offers approximately 1,775 sq ft of well-maintained living space, featuring 3 spacious bedrooms, 3 bathrooms, and high-end finishes throughout. A standout feature is the expansive 20 x 18 ft terrace, perfect for entertaining or relaxing. The main floor commercial unit spans approximately 725 sq ft and showcases quality leasehold improvements, including a reception area, private offices, and a 2-piece washroom well-suited for a variety of professional uses. Built by the reputable York Trafalgar Homes, this property is perfectly located just minutes from Highway 401 and close to top-rated schools, shopping, parks, the library, and the arts centre. Additional highlights include two covered parking spaces and a full unfinished basement (approx. 725 sq ft) with tall ceilings, offering incredible potential for future customization. Low POTL fee of $98/month. Residential address: 165 Hampshire Way #16.