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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53 3870 Eglinton Avenue W
Churchill Meadows Mississauga L5M 2R9

$580,000 /For Sale
Commercial

Main Photo: 53 3870 Eglinton Avenue W in Mississauga: Churchill Meadows Commercial for sale : MLS®# W13858886
Photo 1: 53 3870 Eglinton Avenue W in Mississauga: Churchill Meadows Commercial for sale : MLS®# W13858886
Photo 2: 53 3870 Eglinton Avenue W in Mississauga: Churchill Meadows Commercial for sale : MLS®# W13858886
Photo 3: 53 3870 Eglinton Avenue W in Mississauga: Churchill Meadows Commercial for sale : MLS®# W13858886
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
W13858886
Bus Major:
Restaurant
Prime Corner Unit In The Highly Sought-After Ridgeway Plaza! Excellent Opportunity To Acquire A Fully Equipped, Turnkey Restaurant Location In One Of Mississauga's Busiest Commercial Areas. Situated In A High-Traffic Plaza Surrounded By High-Density Residential, Major Retailers, Grocery Stores, Schools, Places Of Worship And Numerous Established Businesses.Excellent Exposure And Strong Customer Traffic. The Premises Are Currently Home To An Established Operating Restaurant; However, The Existing Business Name, Brand, And Franchise Are Not Included In The Sale And Will Not Be Transferred To The Purchaser. The Transaction Includes The Existing Restaurant Equipment And Chattels, With A Detailed Equipment/Chattel List To Be Provided To Qualified Buyers. The Purchaser Will Negotiate A New Lease Directly With The Landlord, And Will Have The Opportunity To Introduce And Operate Its Own Business Concept, Subject To Landlord Approval And Applicable Requirements. Financial Information Relating To The Existing Operation May Be Made Available To Qualified Buyers Upon Request. Excellent Opportunity For An Operator Looking To Secure A Well-Located, Fully Equipped Restaurant Premises And Introduce Their Own Concept Without Starting From An Empty Shell. Please Be Discreet And Do Not Approach, Question Or Disturb Any Employees At The Premises. All Showings Must Be Arranged Through The Listing Agent.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Total Area:
1300 sq. ft. Square Feet
Total Area:
1,300 sq. ft.
Retail Area:
1300 sq. ft. Sq Ft
Lot Depth:
0'
Lot Frontage:
0'
Water supply:
Municipal
Zoning:
A
Heating type:
Gas Forced Air Closed
Garage:
None
Possession Details:
TBD
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
N/A
Taxes:
$0 / 2025
Assessment:
$- / 2025
Peel
Mississauga
Churchill Meadows
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Hours Open:
Varies
Employees:
0
Chattels:
Yes
LLBO:
No
Seats:
0
Date Listed:
Oct 03, 2026
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE GRAND REALTY
Data was last updated October 3, 2026 at 06:15 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.