$65/mo - 3890 Eglinton Avenue Unit 48, Mississauga
Commercial for Rent in Mississauga
New — Listed 7 days agoNeighbourhood: Churchill Meadows
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- MLS Number
- W14086698
- Property Type
- Commercial
- Status
- active
- Days on Site
- 7
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,447 sqft
- Neighbourhood
- Mississauga
- Lot Size
- 1,447 sqft
- Taxes (2025)
- $16
- Listing Brokerage
- ROYAL LEPAGE CERTIFIED REALTY
Prime Leasing Opportunity in One of Mississauga's Most Desirable Retail Plazas! Excellent opportunity to lease a modern retail/commercial unit ideally located at Eglinton Avenue West & Ninth Line (Ridgeway Drive) in the highly sought-after Ridgeway Plaza. This 1,447 sq. ft. unit offers a bright glass storefront, professional retail layout, and excellent exposure within a busy plaza environment surrounded by strong national and local tenants. The unit features high ceilings, large glass frontage, and flexible interior space, making it suitable for a variety of retail, service, professional office, or educational uses. The property benefits from high pedestrian and vehicular traffic, strong demographics, and a thriving commercial community. Strategically located near Highways 403, 407, and QEW, this location offers exceptional accessibility and convenience for customers and staff. The plaza provides ample on-site parking and excellent signage visibility.
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.
3890 Eglinton Avenue Unit 48, 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.