$160,000 - 141 Queen Street, Mississauga
Commercial for Sale in Mississauga
65 days on marketNeighbourhood: Streetsville
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- MLS Number
- W13631338
- Property Type
- Commercial
- Status
- active
- Days on Site
- 65
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Mississauga
- Taxes (2026)
- $1
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
Remarkable Opportunity To Acquire A Well-Established And Profitable Business! Offered For Sale Due To The Owner's Retirement, This Successful Business Has Been Proudly Owned And Operated By The Same Owner For The Past 16 Years. Ideally Located In A High-Exposure Area With A Loyal Customer Base, It Offers Stable Income, Strong Growth Potential, And Straightforward Day-To-Day Operations. A Turnkey Business That's Easy To Manage And Perfect For Both Experienced Operators And First-Time Business Owners. Don't Miss This Rare Opportunity To Own A Proven, Profitable Business!
Estimate your monthly payments for this property
Estimated Payment
$820.88/mo
Includes CMHC insurance ($4,464)
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.
The Village in the City
Streetsville is one of Mississauga's most charming and historic neighbourhoods, known for its village-like atmosphere and vibrant main street. Originally a separate village founded in 1858, Streetsville has maintained its small-town character while benefiting from modern amenities. The area features tree-lined streets, heritage homes, and a strong sense of community pride.
Why Live in Streetsville
- •Historic main street with boutique shops and restaurants
- •Annual Bread and Honey Festival draws thousands of visitors
- •Mix of heritage homes and newer developments
- •Strong sense of community with active residents' association
- •Excellent schools and family-friendly environment
Nearby Schools
Transit & Commuting
- •MiWay bus routes along Queen Street
- •Close proximity to Highway 401 and 403
- •Streetsville GO Station for commuting to Toronto
- •20-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Streetsville Village Square
- •Vic Johnston Community Centre
- •Credit River trails and parks
- •Local farmers' market (seasonal)
- •Historic Streetsville Cemetery
Lifestyle & Community
Streetsville offers a perfect blend of heritage charm and modern convenience. Residents enjoy walkable streets with local shops, cafes, and restaurants. The community is known for its family-friendly atmosphere, excellent schools, and active social calendar including festivals and community events.
141 Queen 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 $80/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Extended Exposure — Negotiating Room
At 65 days on market, this commercial property has had significant exposure. Commercial listings typically take longer to sell than residential, but this timeline may indicate pricing or tenancy issues worth exploring. A motivated seller often means better terms for a prepared buyer.
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.