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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316 Kerr Street
1002 - CO Central Oakville L6K 3B5

$179,900 /For Sale
Commercial

Main Photo: 316 Kerr Street in Oakville: 1002 - CO Central Commercial for sale : MLS®# W14110472
Photo 1: 316 Kerr Street in Oakville: 1002 - CO Central Commercial for sale : MLS®# W14110472
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
W14110472
Bus Major:
Pizzeria
Well established location for the best eat in or take out Pizza, local diner friendly bar. Bring your restaurant concept to Oakville's Kerr Village. This long-established restaurant and bar location features a full kitchen, dedicated lower-level prep space, a spacious bar and an inviting front patio. Surrounded by local shops and established residential neighbourhoods, with downtown Oakville, waterfront parks and community amenities nearby, the space offers an established setting for a new name, menu and atmosphere. Nearby municipal parking and convenient transit connections to Oakville GO add to the location's appeal. Located in Oakville's established Kerr Village neighbourhood, the restaurant is surrounded by a mix of residential communities, independent businesses, recreation facilities and cultural destinations.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Approx. Age:
51-99
Retail Area:
1500 sq. ft. Sq Ft
Lot Depth:
100'
Lot Frontage:
20'
Water supply:
Municipal
Zoning:
H1-MU2
Heating type:
Gas Hot Water
Survey Available:
No
Garage:
None
Possession Details:
Flexible
HST Applicable To Sale Price:
In Addition To
Development Charges Paid:
Unknown
Type Taxes:
Annual
Taxes:
$15,000 / 2026
Assessment:
$- / -
Halton
Oakville
1002 - CO Central
Major Highway, Public Transit
None
Existing tables, chairs, Pool table and related equipment, 4 Televisions, 6 bar stools, Pizza Ovens, Deep Fryer, Garland gas cooker 6 burner with griddle grill and stainless back. American Range deep fryer, 16 ft commercial exhaust hood, fire sprinklers, Coolers, Freezers, Prep tables, Beer Taps and more..
No
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
Yes
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
No
Financial Statements:
No
Property Management Company:
Kerr Plaza Corp.
Business/Building Name:
Fratelli's Pizza
Major Business Type:
Pizzeria
Category:
Without Property
Franchise:
No
Days Open:
Open 6 Days
Hours Open:
12-12
Employees:
2
Chattels:
Yes
LLBO:
Yes
Outside Storage:
No
Seats:
97
Date Listed:
Oct 23, 2026
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. and Royal LePage Real Estate Services Ltd., Brokerage
Data was last updated October 23, 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.