$99,999 - Address available upon request, Mississauga
Commercial for Sale in Mississauga
Popular ListingNeighbourhood: Applewood
- MLS Number
- W13573256
- Property Type
- Commercial
- Status
- active
- Days on Site
- 10
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- N/A sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- REALTY WEALTH GROUP INC.
Indian/Pakistani restaurant in a prime location on Dundas and Tomken. Close to residential and commercial places. Main road exposure. Fully renovated space, turn key business. Approx 14 ft hood, Tandoor, Wok, walk in cooler and freezer. Ample parking. 3+5-year lease remaining. Total rent approx $4500 inclusive on TMI. Approx 24 seats inside. Can bring any cuisine upon approval of the landlord.
Estimate your monthly payments for this property
Estimated Payment
$513.05/mo
Includes CMHC insurance ($2,790)
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.
Established Character and Convenience
Applewood is one of Mississauga's earliest suburbs, known for its mid-century homes, mature landscaping, and convenient central location. The neighbourhood offers excellent value with proximity to shopping, transit, and major employers. Applewood has maintained its character while benefiting from ongoing renovations and updates.
Why Live in Applewood
- •Central location with excellent access
- •Mature trees and established gardens
- •Strong community identity
- •Close to Dixie and Bloor shopping
- •Good value for the location
Nearby Schools
Transit & Commuting
- •Multiple MiWay bus routes
- •Dixie GO Station nearby
- •Easy access to Highway 401 and QEW
- •10-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Applewood Hills Park
- •Burnhamthorpe Community Centre (nearby)
- •Dixie Outlet Mall
- •Local shopping plazas
- •Community library
Lifestyle & Community
Applewood offers practical, comfortable living with excellent connectivity. The neighbourhood appeals to those seeking value in a central location with good transit access.
Address available upon request, Mississauga
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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.
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 10-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.