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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Main Photo: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
Photo 1: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
Photo 2: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
Photo 3: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
Photo 4: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
Photo 5: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
Photo 6: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
Photo 7: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
Photo 8: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
Photo 9: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
Photo 10: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
Photo 11: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E12746384
Bus Major:
Convenience/Variety
Turn-key and profitable convenience store located at the high-traffic corner of Kennedy Road and Finch Avenue in Scarborough. This well-established, double-unit operation offers approximately 2,000 sq. ft. of functional retail space with excellent visibility, strong frontage on Kennedy, and consistent exposure from surrounding residential and commercial density. The business benefits from multiple revenue streams, including U-Haul rentals and accessories, beer and wine sales, lottery, printing and copy services, a slush and smoothie bar, Western Union money transfer, and DHL parcel service. The current owner has successfully grown revenues by expanding online U-Haul orders, increasing truck inventory, and enhancing alcohol offerings, presenting further upside for a new operator. The space features both front and rear access with ample customer parking, a large walk-in commercial freezer with six glass doors, a seven-panel refrigerator, a fully operational three-tank slush and smoothie machine, and a new coffee machine. Operating seven days a week from 9 a.m. to 9 p.m., this long-running business offers a solid foundation with strong cash flow and excellent potential for continued growth in a prime Scarborough location.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
2000 sq. ft. Square Feet
Total Area:
2,000 sq. ft.
Retail Area:
1500 sq. ft. Sq Ft
Industrial Area:
300 sq. ft. Sq Ft
Office/Apt Area:
200 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Lot Details:
0.00 x 0.00 Feet
Water supply:
Municipal
Rooms:
0
Zoning:
Commercial Retail
Heating type:
Gas Forced Air Closed
Cooling:
Yes
Garage:
Plaza
Possession Details:
Immediate
HST Applicable To Sale Price:
Included In
Type Taxes:
TMI
Taxes:
$0 / 2025
Assessment:
$- / -
Toronto
Toronto E07
Milliken
Major Highway, Public Transit
Yes
UFFI:
No
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
Yes
Major Business Type:
Convenience/Variety
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
9-9
Employees:
2
Chattels:
Yes
LLBO:
Yes
Seats:
2
Date Listed:
Feb 01, 2026
Original Price:
Previous Price:
  • Photo 1: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
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  • Photo 2: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
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  • Photo 3: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
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  • Photo 4: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
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  • Photo 5: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
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  • Photo 6: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
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  • Photo 7: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
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  • Photo 8: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
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  • Photo 9: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
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  • Photo 10: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
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  • Photo 11: 1 2950 Kennedy Road in Toronto: Milliken Commercial for sale (Toronto E07)  : MLS®# E12746384
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Listed by RE/MAX EXCELLENCE REAL ESTATE
Data was last updated February 2, 2026 at 06:15 AM (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.