$20/mo - 3024 Hurontario Street Unit 304, Mississauga
Commercial for Rent in Mississauga
69 days on marketNeighbourhood: Cooksville
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- MLS Number
- W13620718
- Property Type
- Commercial
- Status
- active
- Days on Site
- 69
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,725 sqft
- Neighbourhood
- Mississauga
- Taxes (2026)
- $13
- Listing Brokerage
- ROYAL LEPAGE CERTIFIED REALTY
**BRIGHT 1,725 SQ. FT. THIRD-FLOOR OFFICE/MEDICAL UNIT WITH EXCEPTIONAL LARGE-WINDOW EXPOSURE AND ABUNDANT NATURAL LIGHT!** Located in the prestigious Cooksville Colonnade at the northwest corner of Hurontario Street and Dundas Street, this spacious and highly functional unit is currently built out as professional office space and features windows surrounding the unit, a private in-suite washroom and a flexible layout suitable for a wide variety of medical, wellness, professional and service-based businesses. Cooksville Colonnade is a well-established, professionally managed mixed-use destination and one of the busiest medical buildings in the neighbourhood, with a strong existing medical and professional tenant mix, an on-site pharmacy, on-site property management, on-site security, a newly upgraded surveillance camera system, two elevators and two stairwells. Situated on approximately 2.5 acres, the property offers one of the largest above-ground parking areas in the neighbourhood, with additional underground tenant parking subject to availability. Surrounded by a dense residential population, numerous high-rise buildings and major new developments, this high-traffic and high-visibility location provides excellent transit access, future Hazel McCallion LRT connectivity and convenient access to Highways 403 and QEW. Potential uses include, medical specialists, naturopathic services, health and wellness, medi-spa, diagnostic imaging, bone density clinic, cardiology, dermatology, ENT, gastroenterology, gynecology, neurology, nutrition, oncology, ophthalmology, urology, fertility services, accounting, legal, real estate, mortgage, insurance, consulting and other professional or service-based businesses. Dental and pharmacy uses are not permitted due to existing tenant exclusivity provisions. All proposed uses are subject to tenant credentials, existing exclusivity rights, landlord approval and applicable zoning.
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.
3024 Hurontario Street Unit 304, 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.
Extended Exposure — Negotiating Room
At 69 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.