$200,000 - 473 Hensall Circle Unit B, Mississauga
Commercial for Sale in Mississauga
207 days on marketNeighbourhood: Cooksville
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- MLS Number
- W12883750
- Property Type
- Commercial
- Status
- active
- Days on Site
- 207
- Bedrooms
- 0
- Bathrooms
- 2
- Square Feet
- 435 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- RE/MAX GOLD REALTY INC.
Established Auto Repair Business for Sale - Turnkey OpportunityRare opportunity to acquire Europhil Auto Shop Inc., a well-established and reputable automotive repair business with a loyal customer base. This profitable operation offers a full range of automotive services including diagnostics, maintenance, mechanical repairs, and specialty European vehicle servicing. Tremendous parking space available, ideal for customer parking and vehicle storage.The business is fully equipped with professional-grade tools, hoists, diagnostic equipment, and an organized workspace, allowing a new owner to step in and operate immediately. Known for its quality workmanship and strong community reputation, Europhil Auto Shop has built consistent repeat clientele over the years. Located in a convenient and accessible area with strong vehicle traffic, the premises are leased with the possibility of assuming the existing lease (subject to landlord approval).This is an ideal opportunity for:- An experienced mechanic looking to own their own shop.- An automotive entrepreneur expanding their operations- Investors seeking a stable service-based businessBusiness sale includes equipment, goodwill, client base, and brand name. Real estate not included.Serious inquiries only. Financial information available upon signing NDA.
Estimate your monthly payments for this property
Estimated Payment
$1,026.10/mo
Includes CMHC insurance ($5,580)
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.
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.
473 Hensall Circle Unit B, 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 $460/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.
Extended Exposure — Negotiating Room
At 207 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.