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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42 Village Centre
City Centre Mississauga L4Z 1V9

$180,000 /For Sale
Commercial

Main Photo: 42 Village Centre in Mississauga: City Centre Commercial for sale : MLS®# W12588440
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
W12588440
Bus Major:
Spa/Tanning
Beautiful fully upgraded and renovated modern Medi Spa with massage therapy, Laser services, body sculpting, and skin care services. Ideal for Multiple Health Care uses: Medical Aesthetics Spa, Massage Therapy, Physiotherapy, Cardiology, Infusion clinic, Family or Urgent Care Clinic and Psychotherapy. Features: Inviting Spacious open concept Reception Area, Beautiful Consulting Rooms, Procedure/ Treatment Area with Custom Walls. Over $ 300K spent on upgrades, renovations, & Equipment. Great busy location close to Square One, 401, QEW, 403, office buildings as well as thousands residential condo units.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
2000 sq. ft. Square Feet
Total Area:
2,000 sq. ft.
Retail Area:
2000 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
9'8"
Water supply:
Municipal
Zoning:
H-CC3(2)
Heating type:
Gas Forced Air Closed
Garage:
Street
Possession Details:
Flexible
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
TMI
Taxes:
$0 / 2025
Assessment:
$- / -
Peel
Mississauga
City Centre
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Spa/Tanning
Category:
Without Property
Franchise:
No
Days Open:
Varies
Hours Open:
0
Employees:
0
Chattels:
Yes
LLBO:
No
Seats:
0
Date Listed:
Nov 30, 2025
Original Price:
Previous Price:
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Listed by SEARCH REALTY
Data was last updated November 30, 2025 at 08:15 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.