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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1 245 Queen Street E

Queen Street Corridor Brampton L6W 2B5

$199,000 /For Sale

Commercial

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• Details
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Status:

Active

Prop. Type:

Commercial

MLS® Num:

W12684188

Bus Major:

Hair Salon

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This well-established, fully-equipped unisex salon features a modern interior designed to cater all clients. The salon includes 6 Men's chairs, 3 Ladies' chairs, and separate facial and laser rooms, all furnished with high-quality set-up. Some chairs and the laser room have already generated income to minimizing salon liabilities. This is a worry-free investment with very low risk, and success is almost guaranteed. The salon also includes professional care beds, a plush reception area, a private side door entrance, a kitchenette, its own laundry facilities, and 2 full washrooms. Clients benefit from entrances at both the front and side, with free parking available on both sides, ensuring maximum convenience. Located in a high-traffic area with excellent visibility, the salon enjoys a steady stream income and walk-in clients and has built a loyal customer base. Additional income streams come from an on-site ATM and a digital advertisement screen. Surrounded by rapidly growing developments and new high-rises, this prime location offers immense potential for future growth. Whether you choose to maintain the current successful setup or infuse your own vision to elevate it further, this profitable business is ready to operate from day one. Trained staff are optionally available to stay on, ensuring a smooth transition.

General Info:

Property Type:

Commercial

Property Sub Type:

Sale Of Business

Freestanding:

No

Total Area:

1500 sq. ft. Square Feet

Total Area:

1,500 sq. ft.139 m2

Retail Area:

100 sq. ft. %

Lot Depth:

0'0 m

Lot Frontage:

0'0 m

Water supply:

Municipal

Zoning:

SC

Additional Info:

Heating type:

Gas Forced Air Closed

Clear Height:

11'3.35 m

Garage:

Plaza

Possession Details:

TBA

Financial Info:

HST Applicable To Sale Price:

In Addition To

Type Taxes:

TMI

Taxes:

$0 / 2025

Assessment:

$- / -

County:

Peel

Listing Area:

Brampton

Listing Sub-Area:

Queen Street Corridor

Security Features:

Yes

Inclusions:

All chattels & fixtures are included in the purchased price, List will be provided to the Buyers upon acceptance of the offer.

Elevator:

None

Rail:

No

Other Details:

Utilities:

Yes

Sewers:

Sanitary+Storm

Air Conditioning:

Yes

Seller Property Info Statement:

No

Commercial Info:

Financial Statements:

No

Business Info:

Major Business Type:

Hair Salon

Category:

Without Property

Franchise:

No

Days Open:

Open 6 Days

Hours Open:

Mon-Wed-Thru-Fri-Sat-Sun 10am to 10pm Tue-Closed

Employees:

6

Chattels:

Yes

LLBO:

No

Seats:

0

Listing Info:

Date Listed:

Jan 10, 2026

Original Price:

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Previous Price:

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Listed by HOMELIFE/MIRACLE REALTY LTD

Data was last updated January 11, 2026 at 03:15 PM (UTC)

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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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.

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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.