$280,999 - 1865 Lakeshore Road Unit 4, Mississauga
Commercial for Sale in Mississauga
New — Listed 3 days agoNeighbourhood: Clarkson
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- MLS Number
- W13831188
- Property Type
- Commercial
- Status
- active
- Days on Site
- 3
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 873 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- CENTURY 21 PEOPLE`S CHOICE REALTY INC.
HOT BUSINESS OPPORTUNITY - HIGH-VOLUME CITY PIZZA FRANCHISE IN MISSISSAUGA! Own one of Mississauga's busiest City Pizza franchises in a premium location at 1865 Lakeshore Rd W., Unit 4. Positioned on a high-exposure corner along bustling Lakeshore Rd W., this store enjoys exceptional visibility, heavy vehicle traffic, and continuous customer flow from a thriving retail plaza anchored by major national brands. The recent opening of Food Basics has significantly boosted walk-in traffic, while the business continues to generate strong takeout and delivery sales. This is a profitable, turnkey operation with growing weekly sales, low food costs, and a low flat franchise royalty of only $708 + HST per month-not a percentage of sales-allowing you to keep more of your profits as the business grows. Approximate rent is only $4,400/month including TMI, making this an outstanding value in today's market. The restaurant comes fully equipped with everything needed to continue operating from day one. Enjoy the benefits of an established franchise with ongoing training, proven operating systems, marketing support, and a secure long-term lease. Whether you're an experienced operator, first-time business owner, or investor looking for a proven concept with strong cash flow, this opportunity checks all the boxes. Businesses like this don't stay on the market for long.
Estimate your monthly payments for this property
Estimated Payment
$1,441.67/mo
Includes CMHC insurance ($7,840)
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.
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.
1865 Lakeshore Road Unit 4, 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 $322/sqft, this is priced in the mid-range for GTA commercial space. 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.