$1/mo - 2170 Sherobee Road, Mississauga
Commercial for Rent in Mississauga
Neighbourhood: Cooksville
- MLS Number
- W13459494
- Property Type
- Commercial
- Status
- active
- Days on Site
- 18
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 935 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- HOMELIFE/MIRACLE REALTY LTD
Looking to own a Business with zero hassle, this turnkey Convenience/Variety store is the ideal opportunity. Fully stocked and operational, it's ready for you to step in and start earning immediately. Located in a prime area surrounded by high-density Apartment Buildings, Town houses, and Trillium Hospital Mississauga-the store enjoys steady sales with strong growth potential. With limited hours of operation, there's ample room to expand and increase profitability. Enjoy stress-free ownership with unbelievable rent that includes water and Gas, as well as multiple sources of income. There's also potential to introduce Beer/Wine to attract more customers. Whether you're a first-time business owner or an experienced entrepreneur, this turnkey store offers the perfect balance of convenience and opportunity. Full training and support will be provided, empowering new owners to maximize the business's profitability with their expertise.
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.
2170 Sherobee 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
Commercial property values in Mississauga are driven by location, zoning, current tenancy, and income potential — not the same $/sqft benchmarks as residential. I'll run a proper comparable sales analysis using recent commercial transactions in this area.
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 18-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.