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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646 Queen Street W
Trinity-Bellwoods Toronto M6J 1E4

$248,000 /For Sale
Commercial

Main Photo: 646 Queen Street W in Toronto: Trinity-Bellwoods Commercial for sale (Toronto C01)  : MLS®# C12682926
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12682926
Bus Major:
Restaurant
Exceptional opportunity to acquire a fully built-out, turn-key dining restaurant in a prime, high-traffic location. Beautifully designed with a refined, upscale interior and an efficient, professionally planned kitchen, this restaurant is ideal for immediate operation with minimal start-up risk. Strong walk-in exposure is complemented by a consistent delivery revenue stream, offering multiple income channels. The business is easy to manage and suitable for both seasoned operators and owner-users, with approximately three weeks of seller training provided to ensure a smooth transition. Fully transferable liquor license included. Rare chance to secure a premium restaurant asset with rear parking for up to three(3) vehicles and reasonable rent until 2028.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Total Area:
1000 sq. ft. Square Feet
Total Area:
1,000 sq. ft.
Retail Area:
1000 sq. ft. Sq Ft
Lot Depth:
118'
Lot Frontage:
15'10"
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Gas Forced Air Open
Garage:
Outside/Surface
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$0 / 2026
Assessment:
$- / -
Toronto
Toronto C01
Trinity-Bellwoods
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
12pm-10pm
Employees:
24
Chattels:
Yes
LLBO:
Yes
Seats:
6
Date Listed:
Jan 10, 2026
Original Price:
Previous Price:
  • Photo 1: 646 Queen Street W in Toronto: Trinity-Bellwoods Commercial for sale (Toronto C01)  : MLS®# C12682926
    Photo 1 of 1
Listed by REMAX YC REALTY
Data was last updated January 11, 2026 at 06:15 AM (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.