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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1233 Queen Street W
South Parkdale Toronto M6K 1L5

$249,500 /For Sale
Commercial

front of store pic A
Photo 1: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
Photo 2: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
Photo 3: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
Photo 4: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
Photo 5: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
Photo 6: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
Photo 7: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
Photo 8: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
Photo 9: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W13582764
Bus Major:
Fast Food/Takeout
Alexander Falafel located on 1233 Queen Street West is one of the oldest Shawarma restaurants in the city. It's been running for the last 20 years and it is home to the very historical and lively Parkdale area close to downtown. People come all around to try this food and explore the area with the amount of events and places nearby like CNE, Grand Liberty and Ontario Place. Alexander Falafel is operated for long hours, 11 AM to 3 AM seven days a week. The restaurant is situated close to many renowned bars such as Rhino Bar, Motel Bar, Cadillac Lounge, Parkdale Drink and Stone Bar. It has also been recently upgraded with new equipment and completely revamped and updated with a new fresh look, ensuring that everything looks new and enticing. Overall a very profitable business with low food costs and generally it is an easy to manage restaurant.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Total Area:
1000 sq. ft. Square Feet
Total Area:
1,000 sq. ft.
Retail Area:
100 sq. ft. %
Lot Depth:
76'
Lot Frontage:
45'
Water supply:
Municipal
Zoning:
CR 2.5 (c1.0; r2.0) SS2 (x2608)
Heating type:
Gas Forced Air Closed
Garage:
Street
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
N/A
Taxes:
$37,614 / 2026
Assessment:
$- / 2025
Toronto
Toronto W01
South Parkdale
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Fast Food/Takeout
Category:
Without Property
Franchise:
No
Hours Open:
8
Employees:
1
Chattels:
Yes
LLBO:
No
Seats:
6
Date Listed:
Jul 20, 2026
Original Price:
Previous Price:
  • Photo 1: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
    front of store pic A
  • Photo 2: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
    front of store pic B
  • Photo 3: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
    Serving station
  • Photo 4: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
    Kitchen pic A
  • Photo 5: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
    Coolers and server section
  • Photo 6: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
    seating
  • Photo 7: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
    Photo 7 of 9
  • Photo 8: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
    Google street pic
  • Photo 9: 1233 Queen Street W in Toronto: South Parkdale Commercial for sale (Toronto W01)  : MLS®# W13582764
    Photo 9 of 9
Listed by RIGHT AT HOME REALTY
Data was last updated July 22, 2026 at 04:15 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.

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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.