$239,000 - 3700 Eglinton Avenue Unit 63, Mississauga
Commercial for Sale in Mississauga
New — Listed 4 days agoNeighbourhood: Churchill Meadows
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- MLS Number
- W14093004
- Property Type
- Commercial
- Status
- active
- Days on Site
- 4
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- N/A sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- ROYAL LEPAGE PINNACLE REAL ESTATE
RARE TURNKEY BUSINESS OPPORTUNITY - PRIME RIDGEWAY PLAZA, MISSISSAUGA!EXCEPTIONAL OPPORTUNITY TO OWN A WELL-ESTABLISHED, UPSCALE BARBERSHOP IN THE HEART OF RIDGEWAY PLAZA, ONE OF MISSISSAUGA'S MOST POPULAR AND HIGHLY SOUGHT-AFTER COMMERCIAL DESTINATIONS! Successfully operating for 6 years, this beautifully designed and fully operational barbershop has established a strong reputation, loyal clientele, and excellent brand recognition within the community.Strategically positioned in the vibrant and highly desirable Ridgeway Plaza, a premier commercial destination known for its impressive selection of restaurants, cafés, retail establishments, and continuous visitor activity. This exceptional location offers outstanding exposure, accessibility, and tremendous potential for future growth.The business features a stunning, modern, and sophisticated interior, complete with professional barber stations, stylish finishes, and a luxurious atmosphere designed to provide a premium grooming experience.With an established online presence, convenient online appointment booking system, recognizable business identity, and existing customer base, this turnkey operation offers an excellent foundation for a new owner to continue growing the business.WHY START FROM SCRATCH WHEN YOU CAN ACQUIRE AN ESTABLISHED BUSINESS IN ONE OF MISSISSAUGA'S MOST DESIRABLE COMMERCIAL LOCATIONS?An outstanding opportunity for experienced barbers, entrepreneurs, or investors looking to take over a professionally established business in a prime location with excellent growth potential.PRIME RIDGEWAY PLAZA LOCATION | 6 YEARS ESTABLISHED | UPSCALE INTERIOR | EXISTING CLIENTELE | ONLINE BOOKING SYSTEM | TURNKEY OPERATION A RARE OPPORTUNITY IN A HIGH-DEMAND LOCATION THAT SHOULD NOT BE MISSED!
Estimate your monthly payments for this property
Estimated Payment
$1,226.19/mo
Includes CMHC insurance ($6,668)
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.
3700 Eglinton Avenue Unit 63, 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.
Just Listed — Take Your Time
This property just hit the market. Commercial due diligence is thorough and takes time — environmental assessments, lease review, financial statement analysis, and zoning confirmation. Unlike residential, there's rarely a multiple-offer frenzy. Act with focus, not urgency.
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.