$110,000 - 480 Eglinton Avenue Unit 42, Mississauga
Commercial for Sale in Mississauga
New — Listed 3 days agoNeighbourhood: Hurontario
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- MLS Number
- W14097904
- Property Type
- Commercial
- Status
- active
- Days on Site
- 3
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- N/A sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- EXP REALTY
Prime retail opportunity at Eglinton & Confederation! Sale of lease for 480 Eglinton Ave W, Unit 42, a 1,025 sq ft retail unit in the busy Confederation Plaza. It's a great size for a café, dessert shop, quick-service or service-based business.You'll be sharing the plaza with traffic-driving neighbours: Care Plus IDA Pharmacy, Eglinton Medical Centre (walk-in, lab and dermatology), Confederation Dental, Freedom Mobile, Baklawa King, Papa Johns and Sky Nail Studio. The clinic, pharmacy and dental visits bring in customers all day.The plaza sits right at a MiWay stop at the corner of Eglinton Ave W and Confederation Pkwy. It's surrounded by dense high-rise and residential neighbourhoods in the Hurontario/Uptown area and is minutes to Square One, Hwy 403 and the future Hazel McCallion LRT on Hurontario. Mavis Mall (No Frills, McDonald's, Tim Hortons, Scotiabank) is just down the street.Step into an established plaza with built-in foot traffic and a growing customer base right at your door. Don't miss this one! option to buy the Chatime franchise can be discussed. Option to option to purchase equipment and fixtures can also be discussed.
Estimate your monthly payments for this property
Estimated Payment
$564.36/mo
Includes CMHC insurance ($3,069)
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.
Discover Hurontario
Hurontario is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Hurontario
- •Convenient location in Mississauga
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Hurontario offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
480 Eglinton Avenue Unit 42, 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.