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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49 Matheson Boulevard E

Hurontario Mississauga L4Z 2Y5

$275,000 /For Sale

Commercial

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• Details
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Status:

Active

Prop. Type:

Commercial

MLS® Num:

W13547716

Bus Major:

Pizzeria

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Are you looking to own a long-established, family-friendly Italian eatery in a prime AAA location? Here is your opportunity to acquire a well-known, non-franchise business at the highly desirable Hurontario & Matheson Blvd corridor. Surrounded by major corporate offices, small warehouses, hotels, government offices, and professional firms including CRA, law offices, TZX and Oracle, this location enjoys excellent exposure, steady foot traffic, and strong catering revenues. This successful and proven business offers a diverse menu featuring authentic Italian cuisine including pizza, pasta, panini, and popular signature dishes such as homemade lasagna, panzerotti, veal sandwiches, and rich pomodoro sauce pasta. The restaurant has built a loyal customer base over the years, with repeat clientele from nearby offices and businesses. Customers benefit from flexible dining options, with dedicated menus for dine-in as well as catering for private parties, corporate events, and special occasions. The premises offer approximately 2,374 sq. ft. of well-utilized space, including a comfortable dine-in area with seating for 50 guests, along with an additional 25-seat summer patio, all enhanced by LLBO licensing. The fully equipped commercial kitchen is designed for efficiency and high-volume production, featuring a 12 ft hood, 2 oven hoods, 2 walk-in freezers, and 2 washrooms. With multiple revenue streams from dine-in, takeout, and catering, this turnkey operation is ideal for owner-operators or investors seeking a stable and scalable business. Excellent opportunity with immediate income potential in a high-demand commercial hub.

General Info:

Maximum Rental Term:

60

Property Type:

Commercial

Property Sub Type:

Sale Of Business

Freestanding:

No

Total Area:

2374 sq. ft. Square Feet

Total Area:

2,374 sq. ft.221 m2

Retail Area:

2374 sq. ft. Sq Ft

Lot Depth:

0'0 m

Lot Frontage:

0'0 m

Bathrooms:

2.0

Water supply:

Municipal

Soil Test:

No

Zoning:

C1

Additional Info:

Heating type:

Gas Forced Air Closed

Clear Height:

11'3.35 m

Garage:

None

Parking Spaces:

100

Possession Details:

TBA

Financial Info:

HST Applicable To Sale Price:

In Addition To

Type Taxes:

TMI

Taxes:

$4,424 / 2026

Assessment:

$- / -

County:

Peel

Listing Area:

Mississauga

Listing Sub-Area:

Hurontario

Area Influences:

Major Highway, Public Transit

Security Features:

Partial

Rental Items:

Hot Water Tank

Inclusions:

TMI includes Water, AC, Pilon Sign, Paste Control. POS is owned so No monthly Fees. Lease Expires in2026 & 5+ 5Option. All Chattels & Kitchen Equipment's are in good shape. All chattels inside of Restaurant and outside patio furniture. Outside storage added advantage.

Elevator:

None

Crane:

No

Rail:

No

Other Details:

UFFI:

No

Utilities:

Available

Sewers:

Sanitary+Storm

Air Conditioning:

Yes

Seller Property Info Statement:

No

Commercial Info:

Financial Statements:

No

Business Info:

Major Business Type:

Pizzeria

Category:

Without Property

Franchise:

No

Days Open:

Open 7 Days

Hours Open:

Mon-Wed: 10AM to 7:30PM Thursday to Saturday: 10AM to 9PM Sunday: 12PM to 8PM

Employees:

2

Chattels:

Yes

LLBO:

Yes

Outside Storage:

Yes

Seats:

50

Listing Info:

Date Listed:

Jul 10, 2026

Original Price:

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Previous Price:

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Listed by HOMELIFE/MIRACLE REALTY LTD

Data was last updated July 10, 2026 at 12:15 PM (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.