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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19 Lapsley Road

Malvern Toronto M1B 1N1

$275,000 /For Sale

Commercial

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• Details
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• Map

Status:

Active

Prop. Type:

Commercial

MLS® Num:

E13842850

Bus Major:

Restaurant

• Photos (12)

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Turnkey restaurant opportunity in a busy, well-established Scarborough plaza - a rare chance to step into a fully built, mint-condition kitchen with no construction cost, no permit delays and no build-out budget. Constructed new only a few years ago and meticulously maintained, the room seats 36 in a warm contemporary setting and is anchored by a full 16-foot commercial hood, a system sized well beyond what most rooms this size carry and enough to run tandoor, wok, grill and fryer lines together, so the kitchen will support virtually any cuisine a new owner brings to it. Just as telling is why it is available: the previous operator did not fail here - they succeeded, outgrew the space and relocated to a larger location, leaving behind proven demand, an established customer habit and equipment barely broken in. The plaza generates genuine daily traffic of its own, anchored by a TD Canada Trust branch, Pizza Pizza, a medical clinic and other food tenants, with ample surface parking at the door. The surrounding community is one of Toronto's youngest and most diverse - more than 44,000 residents and over 60 cultures represented, among the highest concentrations of young people anywhere in the country. Centennial College's Progress Campus, home to its Schools of Business and of Hospitality, Tourism and Culinary Arts, is minutes away, offering both student traffic and a genuine local hiring pool. Dense residential and commercial blocks, temples and places of worship, schools, parks and a hospital are all close by, with TTC routes at the door and Highway 401 minutes south for delivery, catering and commuter reach. Ideal for a family business, a first restaurant, a second location or a concept conversion - a low-risk entry into a growing market with real room to grow. Equipment list, lease terms and financials available to qualified buyers on a signed confidentiality agreement.

General Info:

Property Type:

Commercial

Property Sub Type:

Sale Of Business

Freestanding:

No

Total Area:

1457 sq. ft. Square Feet

Total Area:

1,457 sq. ft.135 m2

Retail Area:

1457 sq. ft. Sq Ft

Lot Depth:

90'27.4 m

Lot Frontage:

15'4.57 m

Water supply:

Municipal

Zoning:

PARCEL G-2, SECTION M1517 BLK G PLAN 66M1517 SCARB

Additional Info:

Heating type:

Gas Forced Air Closed

Garage:

None

Possession Details:

TBA

Financial Info:

HST Applicable To Sale Price:

Included In

Type Taxes:

Annual

Taxes:

$0 / 2026

Assessment:

$- / -

County:

Toronto

Listing Area:

Toronto E11

Listing Sub-Area:

Malvern

Inclusions:

kitchen appliances, chair, table, lightings, owned water tank

Exclusions:

iPad

Elevator:

None

Rail:

No

Other Details:

Utilities:

Available

Sewers:

Sanitary+Storm

Air Conditioning:

Yes

Seller Property Info Statement:

No

Commercial Info:

Financial Statements:

No

Business Info:

Major Business Type:

Restaurant

Category:

Without Property

Franchise:

No

Hours Open:

12 PM - 12 AM

Employees:

6

Chattels:

Yes

LLBO:

No

Seats:

36

Listing Info:

Date Listed:

Sep 30, 2026

Original Price:

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Previous Price:

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Listed by RE/MAX OPTIMUM REALTY

Data was last updated September 30, 2026 at 06:15 AM (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.