$299,000 - 2525 Prince Michael Drive Unit B3, Oakville
Commercial for Sale in Oakville
55 days on marketNeighbourhood: 1009 - JC Joshua Creek
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- W13673786
- Property Type
- Commercial
- Status
- active
- Days on Site
- 55
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,528 sqft
- Neighbourhood
- Oakville
- Listing Brokerage
- RE/MAX OPTIMUM REALTY
SALE OF BUSINESS!! Sale of a successful BarBurrito franchise in a prime high-traffic plaza! This well-established fast-casual Mexican grill is fully built out with approx. 1,528 sq. ft. of modern kitchen space, stylish dining area, and premium leasehold improvements, making it completely turnkey for a new owner. Weekly sales are consistently strong and growing, supported by multiple revenue streams including walk-in traffic, loyal repeat customers, and delivery platforms such as Uber Eats, SkipTheDishes, and DoorDash, with additional upside potential through catering and community marketing. Buy this leading national brand Franchise, comprehensive training, ongoing operational support, marketing resources, and access to established supply chains and systems will be provided. Perfect for first-time business owners, families, new immigrants, or experienced investors seeking a reliable, cash-flowing asset in the thriving fast-casual dining category. Steps to Shoppers Drug Mart, Starbucks, TD Canada Trust, Kids & Company Daycare, and a variety of popular restaurants, all within the Shoppes on Dundas plaza at 2525 Prince Michael Drive. Lease Term 10-year + Two 5-year renewal options. Low Rental is $5,348/month approx. plus TMI. Franchise royalty fees 6% + 3% Marketing.
Estimate your monthly payments for this property
Estimated Payment
$1,534.02/mo
Includes CMHC insurance ($8,342)
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.
Discover 1009 - JC Joshua Creek
1009 - JC Joshua Creek is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in 1009 - JC Joshua Creek
- •Convenient location in Oakville
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
1009 - JC Joshua Creek offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
2525 Prince Michael Drive Unit B3, Oakville
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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 $196/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 55 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 Oakville transactions.