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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1058 Gerrard Street E
South Riverdale Toronto M4M 1Z8

$500,000 /For Sale
Commercial

Main Photo: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 1: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 2: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 3: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 4: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 5: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 6: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 7: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 8: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 9: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 10: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 11: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 12: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 13: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 14: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 15: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 16: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 17: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 18: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 19: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Photo 20: 1058 Gerrard Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E12808366
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E12808366
Bus Major:
Restaurant
Excellent opportunity to lease the fully built-out premises of Chula Taberna Mexicana located at 1058 Gerrard St E in Toronto's vibrant East End. This two-storey turnkey restaurant features attractive Mexican-inspired décor, a functional kitchen layout, and strong street presence on a high-traffic corridor.The main floor offers a welcoming dining area, full bar, and a front patio ideal for seasonal outdoor service. The second floor includes a dedicated party/event room with its own bar and private patio, providing excellent flexibility for private functions and additional revenue potential. Surrounded by dense residential neighbourhoods and established local businesses, ensuring consistent foot traffic and neighbourhood demand.Ideal for restaurateurs or hospitality operators seeking a ready-to-operate space. Flexible layout suitable for a variety of food concepts (subject to landlord approval).
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Retail Area:
0 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Lot Details:
0.00 x 0.00 Feet
Water supply:
Municipal
Rooms:
0
Zoning:
Retail
Heating type:
Gas Forced Air Open
Cooling:
Yes
Garage:
Outside/Surface
Possession Details:
TBA
HST Applicable To Sale Price:
In Addition To, Included In, Not Subject to HST
Development Charges Paid:
Unknown
Type Taxes:
N/A
Taxes:
$0 / 2026
Assessment:
$- / -
Toronto
Toronto E01
South Riverdale
Public Transit, Subways
Utilities:
Yes
Energy Certification:
No
Air Conditioning:
Yes
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Financial Statements:
No
Business/Building Name:
Chula Taberna Mexicana
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
Mon-Thurs 5:00pm -11:00Pm, Fri-Sun 11:30 am -12:00 am
Employees:
30
Chattels:
Yes
LLBO:
Yes
Seats:
270
Date Listed:
Feb 21, 2026
Original Price:
Previous Price:
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Listed by CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Data was last updated February 22, 2026 at 01:15 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.