560 Peel Street

About This Property

Outstanding commercial/live-work opportunity on a high-exposure 50 x 132 ft commercial/residential zoned lot. Rarely offered, this unique property combines a beautifully renovated residence with a fully detached approx. 600 sq. ft. commercial building, creating an ideal acquisition for owner-operators, investors, or entrepreneurs seeking both business and residential functionality in one asset. The commercial space has its own HVAC, gas furnace, private washroom, two skylights, and rough-in for a gas fireplace. Operating continuously as a successful barber shop for more than 70 years, this established location offers exceptional opportunity to continue as a barber shop/hair salon with all equipment included, or reposition the space for a wide range of permitted commercial uses including professional offices, medical or wellness practices, accounting or lawyers' offices, salon or esthetics services plus more. The commercial component offers strong owner-user and income-generating potential, with zoning flexibility that supports a variety of businesses. Ideal for professionals looking to eliminate leased premises and build equity while operating from a proven business location. The renovated residence features approx. 1785 square feet all on one level, soaring 11-foot ceilings, spacious principal rooms, family room and sunroom additions with fireplace and built-in bar, and a flexible floor plan currently configured as one bedroom, with the Seller willing to convert toa two-bedroom layout at the Seller's expense. The private grounds include a heated saltwater pool, hot tub, gazebo, and maintenance-free deck, providing an exceptional live/work lifestyle. Strategically located less than 1.5 hours from Toronto and approximately 30 minutes to both London and Kitchener, this is a rare opportunity to acquire a versatile mixed-use property with established business history, flexible commercial zoning, and significant future upside!