$2,750/mo - 297 Lakeshore Road Unit 2, Mississauga
Commercial for Rent in Mississauga
168 days on marketNeighbourhood: Port Credit
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- MLS Number
- W13028374
- Property Type
- Commercial
- Status
- active
- Days on Site
- 168
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- RE/MAX REALTY ENTERPRISES INC.
FURNISHED SUITE * Short Term 2 - 10 Months Furnished Accommodations >> lovely Sunshine with natural light facing South in Port Credit * Spacious Furnished 2 bedroom Apartment in Port Credit, 2nd level approx. 980 sqft * The lovely fully equipped kitchen includes all necessary kitchenware and appliances, making meal preparation a breeze. 2 separate bedrooms features cozy queen bed, linens, dresser, closet and window. Bath towels and linens provided for your convenience. Enjoy entertainment with a flat-screen TV, complimentary Wi-Fi, and Netflix. Located in a vibrant area, you'll find parks, shopping, and an array of restaurants just steps away. Commuting is a breeze, 8 minute walk to GO Train, and a quick trip to downtown Toronto Union Station in just 18 minutes! Whether you're building a home or renovating yours and need temporary accommodations, sold your home and not matching closing dates, dealing with an insurance claim and need housing. Relocating and need short term housing this lovely 2-bedroom, fully furnished apartment is the perfect choice. Bask in the abundant sunshine that fills the space through full windows in the living room and the primary bedroom creating a warm and inviting atmosphere. Don't miss out on this fantastic opportunity to experience the charm of Port Credit today! The Go Train is close by and only 17 minutes eastbound to Downtown Toronto Union Station. Transit is at your doorstep and schools very close by. Property is close to parks, within walking distance to Lake Ontario, Metro grocery shopping, Port Credit Arena and Memorial Park ** INCLUSIVE Heat, Water, Netflix, High Speed WiFi ** * *EXTRAS** Fridge, Stove, Microwave, Small Appliances, Cutlery, Dishes, Pots and Pans, Linens and Bath Towels, Iron and Board, High Speed Wifi, TV and Netflix, Furnishing - 2 Bedrooms with each a Queen Bed, Living and Dining Furnishing * Security Cameras in common hallways super nice safe Building in amazing area* Hydro Submeters for each unit
Waterfront Living at Its Finest
Port Credit is Mississauga's premier waterfront community, offering stunning Lake Ontario views and a vibrant village atmosphere. This sought-after neighbourhood combines urban amenities with natural beauty, featuring a bustling marina, eclectic restaurants, and beautiful waterfront parks. The area has undergone significant revitalization, making it one of the most desirable addresses in the GTA.
Why Live in Port Credit
- •Direct access to Lake Ontario waterfront and marina
- •Award-winning restaurants and local boutiques
- •Port Credit GO Station for easy Toronto commuting
- •Active arts and culture scene
- •Year-round festivals and community events
Nearby Schools
Transit & Commuting
- •Port Credit GO Station - 25 minutes to Union Station
- •MiWay bus connections throughout Mississauga
- •Waterfront Trail for cycling
- •15-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Port Credit Marina
- •J.C. Saddington Park
- •Port Credit Memorial Park
- •Waterfront Trail
- •Local cinema and performance venues
Lifestyle & Community
Port Credit offers an enviable waterfront lifestyle with the convenience of urban living. Residents enjoy morning walks along the lake, dining at acclaimed restaurants, and weekend sailing. The area attracts young professionals, families, and retirees who appreciate the active, social atmosphere.
297 Lakeshore Road Unit 2, 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 $4/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 168 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 Mississauga transactions.