Welcome to this remarkable commercial retail located in the coveted neighborhood of Mavis-Erindale. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,429,418 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
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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Data-driven valuation for 3092 Mavis Road 45, Mississauga, ON L5C 1T8
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Mississauga, ON
For a property listed at $1,429,418 in Mississauga, the legal minimum down payment is $285,884 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $25,063 for this transaction. As this listing is in Mississauga (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $25,063.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.