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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117 2985 Drew Road
Northeast Mississauga L4T 0A4

$1,079,000 /For Sale
Commercial

Main Photo: 117 2985 Drew Road in Mississauga: Northeast Commercial for sale : MLS®# W12745892
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
W12745892
Attention All Professionals Looking To Start Your Own Business, Your Search Ends Here. Rare opportunity to own a GROUND FLOOR commercial unit with 2 entrances (front & back) in a prime location FACING AIRPORT ROAD. This unit features high ceilings with a welcoming reception & waiting area, 6 Offices, washroom, a separate kitchenette, excellent exposure, and easy access for customers and deliveries. Centrally located steps to public transit, just minutes to Toronto Pearson Airport and major highways like 407, 401, 427 & 409. Current zoning permits a wide range of uses making this a fantastic opportunity with endless possibilities. Extremely Clean & Well Kept. Great opportunity for investors or owner-users in a high-demand commercial corridor. Must See... 1275 sq ft gross including common areas. For accuracy Buyer or Their Agent To Confirm Total Area/Retail Area, Taxes, Maintenance Fees And Permitted uses. Plenty of parking. BONUS: Seller willing to lease back 3 offices.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
1275 sq. ft. Square Feet
Total Area:
1,275 sq. ft.
Retail Area:
1104 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Lot Details:
0.00 x 0.00 Feet
Bathrooms:
1.0
Water supply:
Municipal
Rooms:
0
Zoning:
Commercial
Heating type:
Gas Forced Air Open
Cooling:
Yes
Garage:
Outside/Surface
Possession Details:
Flexible
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$8,400 / 2025
Assessment:
$- / -
Peel
Mississauga
Northeast
Major Highway, Public Transit
Yes
Security Cameras & Existing Appliances.
Owner Belongings, Computers & Furniture.
None
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Category:
Multi-Use
Date Listed:
Feb 01, 2026
Original Price:
Previous Price:
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Listed by RE/MAX REALTY SERVICES INC.
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.