$2,050,000 - 1187 Hurontario Street, Mississauga
Commercial for Sale in Mississauga
New — Listed 5 days agoNeighbourhood: Mineola
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- MLS Number
- W13824998
- Property Type
- Commercial
- Status
- active
- Days on Site
- 5
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 3,442 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- RE/MAX REALTY ENTERPRISES INC.
Prime mixed-use investment opportunity in Mississauga's sought-after Port Credit neighbourhood, offered at $2,050,000 with a 7.01% cap rate and annual NOI of $143,708.69. The property is fully leased and provides 5,872 SF of net rentable area, including two street-facing retail units, two second-floor residential units, two storage units and a leased back lot. Situated on a 5,393 SF corner lot, the property offers more than 150 feet of high-visibility wraparound frontage along Hurontario Street and Eaglewood Boulevard, with nine surface parking spaces. Located approximately 300 metres from Port Credit GO Station and near the future Hurontario LRT. A Phase II Environmental Site Assessment has been completed, with no further environmental investigation required.
Estimate your monthly payments for this property
Estimated Payment
$9,067.84/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Classic Elegance Near the Lake
Mineola is one of Mississauga's most desirable mature neighbourhoods, featuring grand homes on generous lots, tree-lined streets, and a strong community atmosphere. Located between Port Credit and Lorne Park, Mineola offers the best of both worlds - proximity to the waterfront and easy access to major transportation routes.
Why Live in Mineola
- •Grand homes on large, mature lots
- •Tree-lined streets with established character
- •Walking distance to Port Credit village
- •Excellent schools and family environment
- •Strong community engagement
Nearby Schools
Transit & Commuting
- •Port Credit GO Station - 5 minute drive
- •MiWay bus service
- •Close to QEW for highway access
- •18-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Tall Oaks Park
- •Mineola Community Centre
- •Close to Port Credit waterfront
- •Local parks and green spaces
- •Walking trails
Lifestyle & Community
Mineola offers a peaceful, established neighbourhood feel with easy access to Port Credit's amenities. Residents enjoy the best of suburban living with the convenience of nearby urban attractions.
1187 Hurontario Street, Mississauga
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $596/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Just Listed — Take Your Time
This property just hit the market. Commercial due diligence is thorough and takes time — environmental assessments, lease review, financial statement analysis, and zoning confirmation. Unlike residential, there's rarely a multiple-offer frenzy. Act with focus, not urgency.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Mississauga transactions.