If I buy a comcercial house (let say, a shop on the main floor and residental unit on the second), how many percents I have to pay as downpaymetn? Many thanks. Bobby

Greetings Bobby
Thats a great question and I get it alot. The key to your answer will be in the zoning.
In most cases, commerical zoning is not considered residential to most lenders. CMHC, Genworth and other insurers do not insure commercial properties as a rule.
What that means to you is that downpayments to buy commecial property are commonly 75% or 80% ltv, meaning you pay 25% as a downpayment.
Be aware - Interest rates on commercial are typically more than residential...sometime significantly more.
In banking, there are often exceptions to every rule...there are lenders that will provide 100% financing on a commerical building depending on the strength of the unit's value, the applicant and the lease income/ business income derived from the unit, but you do pay more in interest.
If the building is zoned residential, normal mortgage rules apply and you can purchase with as little as 5% down. If you have more questions, please reach me at steve.bucher@migroup.ca and I will have a local member of my team contact you.

Best regards

Steve

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Typically on that type of property, Storefront plus an apartment, you're looking at a minimum of 25% down. However you should expect a potential down payment of 35%. That type of property is not bank business, and there are very few exceptions.

there is many ways to make that purchase, from 25 or 35% down payment, to smaller down payment and seller holding a small second and on and on. location, structure, intended business, it can all help sell the deal (mortgage) to a lets say local credit union or such, who would finance local businessess

First check out the zoning if it permits the commercial use in the first place. You may be surprised to find out that it may have been only used prior to a bylaw or rezoning was passed to allow it, making it " Legal non-conforming " which may shed a different light on the subject. The legal use part may only be used to help you qualify for the lower or best rate available for this type of property. A Mortgage Broker is your best bet to steer you in the right direction.