The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Assignment Sale RESTAURANT & SHISHA LOUNGE Prime Commercial Condo in Mississauga: Located at 3092 Mavis Road in Mississauga prestigious and busy corridor this assignment sale offers an exceptional opportunity to acquire a brand-new commercial condominium. The ground-level unit boasts approximately 1,361.35 square feet of open-concept space, making it ideally suited for a RESTAURANT & SHISHA LOUNGE. Strategically positioned at the intersection of Mavis Road and Dundas Street, the property benefits from excellent visibility and convenience. It is surrounded by well-established residential subdivisions and is in close proximity to major destinations, including Square One Shopping Centre and the University of Toronto Mississauga. In addition, quick access to major highways such as the QEW and Highway 403 further enhances its appeal for both customers and staff. Key features include street-front exposure, individual utility metering, and an existing sprinkler system infrastructure with any necessary modifications to be arranged through vendor-approved contractors. The tentative occupancy date for the unit is set for Fall 2027. As this is an assignment sale, the buyer will assume the terms of the original Agreement of Purchase and Sale, including applicable builder conditions and assignment fees, while taxes and maintenance fees are yet to be assessed. This is a rare opportunity to secure a premium commercial space in a high-demand area of Mississauga, perfect for investors or end-users seeking a strategic location for business operations and long-term growth.
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Age Groups
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Owners vs Renters
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$5,347/mo
Mortgage (principal + interest)$5,347
Minimum $117,942 down for this price; the slider moves in whole percent, starting at 9%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$285,884
Ontario land transfer taxProvincial brackets, no first-time refund$25,063
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$313,747
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Mississauga has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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