$124,000 - 165 DUNDAS Street Unit 105, Mississauga
Commercial for Sale in Mississauga
New — Listed 2 days agoNeighbourhood: Cooksville
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- MLS Number
- W13805980
- Property Type
- Commercial
- Status
- active
- Days on Site
- 2
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,200 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Well established pharmacy business for sale, RX#22k plus, has a doctor's office with 3 examination rooms, high walk in score, close to Hospitals, great option for establishing your own pharmacy business and rent doctor's office for additional income. selling for just setup price.
Estimate your monthly payments for this property
Estimated Payment
$636.18/mo
Includes CMHC insurance ($3,460)
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.
Downtown Mississauga Living
Cooksville is Mississauga's original downtown, centered around the intersection of Hurontario and Dundas. Today, the neighbourhood is experiencing significant intensification with new high-rise developments joining established residential areas. Cooksville offers excellent transit connectivity and is positioned to benefit from the Hurontario LRT.
Why Live in Cooksville
- •Central downtown Mississauga location
- •Future Hurontario LRT stop
- •Diverse dining and shopping options
- •Excellent transit connections
- •Mix of high-rise and low-rise housing
Nearby Schools
Transit & Commuting
- •Cooksville GO Station
- •Future Hurontario LRT
- •Major MiWay hub
- •Easy access to Highway 403 and QEW
Parks & Amenities
- •Cooksville Creek Trail
- •Mississauga Central Library
- •Celebration Square (nearby)
- •Diverse restaurants and shops
- •Community health services
Lifestyle & Community
Cooksville offers urban convenience with multicultural vibrancy. The neighbourhood is ideal for those who prioritize transit access and diverse amenities.
165 DUNDAS Street Unit 105, 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 $103/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.
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.