$1,500/mo - 1601 Lakeshore Road, Mississauga
Commercial for Rent in Mississauga
Neighbourhood: Clarkson
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- MLS Number
- W13777544
- Property Type
- Commercial
- Status
- active
- Days on Site
- 24
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 300 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- REAL AGENCY
Exceptional opportunity to lease professional medical space within Lorne Medical Management, a modern, state-of-the-art medical facility. Four private rooms are available individually at $1,500/month + HST per room, with access to a shared patient waiting area. The facility is home to an established medical practice with family physicians and specialists, offering an excellent professional environment for complementary healthcare providers. Ideal for physicians, specialists, nurse practitioners, therapists and other medical or allied health professionals seeking a turnkey space within an established healthcare setting. An excellent opportunity to establish or expand your practice without the overhead and expense of operating a standalone medical office.
Family Living with Village Charm
Clarkson is a well-established family neighbourhood in south Mississauga, known for its excellent schools, community spirit, and convenient location. The area features a mix of housing styles from post-war bungalows to modern family homes, all centered around the charming Clarkson Village core with its local shops and restaurants.
Why Live in Clarkson
- •Excellent schools including Clarkson Secondary
- •Charming village core with local businesses
- •Family-friendly parks and recreation
- •Clarkson GO Station for easy commuting
- •Active community associations
Nearby Schools
Transit & Commuting
- •Clarkson GO Station - direct line to Union Station
- •MiWay bus connections
- •Easy access to QEW and Highway 403
- •20-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Clarkson Community Centre
- •Rattray Marsh Conservation Area
- •Richard's Memorial Park
- •Clarkson Village shops and restaurants
- •Local library branch
Lifestyle & Community
Clarkson offers excellent value for families seeking good schools and a strong community. The neighbourhood provides suburban comfort with easy GO Train access for commuters.
1601 Lakeshore Road, 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 $5/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.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 24-day listing is within normal commercial market exposure.
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.