$1,700,000 - 3460 Platinum Drive Unit 25, Mississauga
Commercial for Sale in Mississauga
Neighbourhood: Churchill Meadows
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- MLS Number
- W13795448
- Property Type
- Commercial
- Status
- active
- Days on Site
- 20
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,030 sqft
- Neighbourhood
- Mississauga
- Taxes (2026)
- $9,216
- Listing Brokerage
- RE/MAX SUCCESS REALTY
RIDGEWAY PLAZA! Absolutely Amazing & Rare Unit For Sale in One of the 4 Plaza Strips Along Platinum Drive. Own a Piece of one of the Hottest Plazas in the GTA in One of the Most Sought After and Best Locations. Outstanding Exposure and All of the Most Top Tier Businesses & Restaurants are Located Here. Parking Lot is Always Full in this Location. In This Location is Where all the Action is Happening, and it is Hard to Get a Spot Here. The Unit is Equally Visible from Platinum Drive & From the Main Parking Lot Driveway, For Best of Both Worlds for Exposure. Hundreds of Thousands of Dollars has Been Poured into The Unit as Leasehold Improvements. Overly Spacious 1021 Sqft Rectangular Shape for Ultimate Efficiency. You will Get to be the Landlord to one of the Newest and Hottest Tenants with an Active, Successful, and Growing Business. Just Buy, Sit Back & Relax, Enjoy Your Rental Income, and Elevate Your Investment Portfolio with this High Profile Asset that You Will Feel so Happy to Show and Share and Brag to Your Friends, Family and Collogues! Many of the Other Units are Located in Blocked Off Areas with No Exposure, Not so Great Neighbors, and Away from all the Action - But Not this Unit! It is in the Centre of All the Action! You Should See it For Yourself. Don't Miss Out on Something Like this, it Doesn't Come Knocking Often, Get a Good Piece of the Pie Before It's Too Late, and Join One of the Most Prestigious Club of Owners of RIDGEWAY PLAZA!
Estimate your monthly payments for this property
Estimated Payment
$7,519.67/mo
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-Friendly Living in Southwest Mississauga
Churchill Meadows is one of Mississauga's newest and most sought-after neighbourhoods, located in the southwest corner of the city. Developed primarily in the early 2000s, the community features modern homes, excellent schools, expansive parks, and a strong sense of community. With its mix of detached homes, semis, and townhouses, Churchill Meadows offers something for every family stage.
Why Live in Churchill Meadows
- •Modern homes built in the 2000s
- •Top-rated public and Catholic schools
- •Churchill Meadows Community Centre and Library
- •Extensive trail systems and green spaces
- •Easy access to Highway 403 and 407 ETR
Nearby Schools
Transit & Commuting
- •MiWay bus routes along Tenth Line and Winston Churchill
- •Close to Highway 403 and 407 ETR
- •Future Dundas BRT connection
- •15-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Churchill Meadows Community Centre
- •Churchill Meadows Branch Library
- •Sawmill Valley Trail
- •Frank McKechnie Community Park
- •Multiple neighbourhood playgrounds and splash pads
Lifestyle & Community
Churchill Meadows offers a family-oriented suburban lifestyle with modern amenities. The neighbourhood is known for its safe streets, well-maintained parks, and active community associations that host seasonal events.
3460 Platinum Drive Unit 25, 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 $1,650/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
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 20-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.