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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21 1118 Centre Street
Beverley Glen Vaughan L4J 7R9

$349,999 /For Sale
Commercial

Main Photo: 21 1118 Centre Street in Vaughan: Beverley Glen Commercial for sale : MLS®# N13795984
Photo 1: 21 1118 Centre Street in Vaughan: Beverley Glen Commercial for sale : MLS®# N13795984
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
N13795984
Bus Major:
Restaurant
An incredible opportunity to acquire a well-established and highly recognized shawarma takeout restaurant located in a very busy commercial plaza near Centre & Dufferin in Thornhill! Strategically positioned in a high-traffic plaza with strong visibility, loyal clientele, and excellent surrounding demographics, this location has successfully served the community for over a decade. The business has built a massive customer database, strong local brand recognition, and consistent catering revenue with tremendous potential for further growth and expansion. The new owner can continue operating under the existing well-established brand or bring in a new brand and concept, providing flexibility to suit their vision. There is also an option to purchase this location together with the second established location on Bathurst & Lawrence in North York. The location comes fully equipped and furnished with a commercial kitchen setup, including a commercial exhaust hood, 2 shawarma grill stands, grillers, fryers, walk- in freezer & fridge, prep stations, and more. Turnkey operation ideal for owner operators, investors, or experienced restaurateurs looking to expand. Benefit from attractive long-term lease terms and exceptionally low rental rates. Rare chance to take over a thriving, profitable operation with established systems, strong community presence, and a loyal customer base.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
1200 sq. ft. Square Feet
Total Area:
1,200 sq. ft.
Retail Area:
90 sq. ft. %
Office/Apt Area:
10 sq. ft. %
Lot Depth:
60'
Lot Frontage:
20'
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Gas Forced Air Closed
Clear Height:
9'
Garage:
Plaza
Possession Details:
Immediate
HST Applicable To Sale Price:
Included In
Type Taxes:
N/A
Taxes:
$0 / 2026
Assessment:
$- / -
York
Vaughan
Beverley Glen
Yes
All furniture, equipment and inventory.
None
Utilities:
Yes
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 6 Days
Hours Open:
11am-9pm
Employees:
3
Chattels:
Yes
LLBO:
No
Seats:
10
Date Listed:
Sep 17, 2026
Original Price:
Previous Price:
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Listed by RE/MAX WEST REALTY INC.
Data was last updated September 17, 2026 at 04:15 PM (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.