$289,000 - 377 Burnhamthorpe Road Unit 4, Mississauga
Commercial for Sale in Mississauga
Neighbourhood: Rathwood
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- MLS Number
- W13750666
- Property Type
- Commercial
- Status
- active
- Days on Site
- 30
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 1,094 sqft
- Neighbourhood
- Mississauga
- Taxes (2025)
- $19,298
- Listing Brokerage
- iCloud Realty Ltd.
NEW PRICE - $289,000! Step into an established Mississauga food brand with a loyal following, strong online reviews and multiple ways to generate revenue. Shawarma Kingdom is a fully equipped, turnkey Mediterranean QSR located in busy Central Parkway Mall. The 1,094 sq. ft. premises offer excellent exposure, convenient access from BOTH inside the mall and from the parking lot, seating for approximately 30 guests, and a commercial kitchen designed to handle dine-in, takeout, delivery and catering volume. What really separates this opportunity? The sale includes an established mobile catering and event operation, allowing a new owner to serve festivals, community events, corporate functions and large private gatherings - not just customers walking through the restaurant doors. All owned equipment is included, featuring six shawarma machines, a walk-in cooler, two griddles, fryer, fire-suppression system and more. Take over the existing concept and build on its name recognition, or bring your own ideas to a well-equipped location with serious potential. A compelling opportunity for an experienced operator, family-run business or growing food-service brand seeking an established Mississauga location at an aggressive new price.
Estimate your monthly payments for this property
Estimated Payment
$1,482.72/mo
Includes CMHC insurance ($8,063)
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-Focused Community Living
Rathwood is a quiet, family-oriented neighbourhood in central Mississauga, known for its safe streets, good schools, and community amenities. The area offers a mix of townhomes and detached houses, many with mature landscaping and updates. Rathwood provides excellent value for families seeking a suburban lifestyle with urban convenience.
Why Live in Rathwood
- •Family-friendly atmosphere
- •Good schools and community programs
- •Affordable entry point for families
- •Quiet, safe residential streets
- •Close to major shopping centres
Nearby Schools
Transit & Commuting
- •Square One transit terminal nearby
- •MiWay bus routes
- •Highway 403 access
- •15-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Rathwood Community Park
- •Square One Shopping Centre (nearby)
- •Mississauga Central Library (nearby)
- •Local community centre
- •Multiple parks and playgrounds
Lifestyle & Community
Rathwood offers comfortable family living with excellent value. The neighbourhood is ideal for those seeking a safe, community-oriented environment near urban amenities.
377 Burnhamthorpe Road Unit 4, 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 $264/sqft, this is priced in the mid-range for GTA commercial space. 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 30-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.