3375 Thomas Street Unit 3,4, Mississauga

Price: $1,225,000

3 bedrooms, 5 bathrooms

2,000 - 2,499 sqft

Property Type: New Construction

MLS#: W12996442

END YOUR COMMUTE! RARE LIVE/WORK SPACE IN MISSISSAUGA. Tired of the daily drive? This unique live/work unit offers the perfect opportunity for professionals, entrepreneurs, and business owners who want to run their business and live in the same space or rent out upstair for additional income. Ideal for health professionals, lawyers, accountants, administrative offices, or any profession needing office space with the convenience of a home nearby, this property eliminates the need for a separate lease while providing a professional and private work environment with a RESIDENTIAL MORTGAGE. RESIDENTIAL SPACE: Spanning two levels, the spacious three-bedroom plus den condo townhouse offers comfortable living with three well-appointed bathrooms and two private balconies that provide outdoor space and a place to unwind. Large windows allow natural light to flood the space, creating a bright and airy atmosphere. Whether you choose to live here or rent it out, the flexibility of this setup makes it a smart investment. Opportunity for a residential mortgage adds even more appeal. COMMERCIAL SPACE: The ground and lower levels are currently set up as a clinic, making them ideal for a retail business, office use, or a medical facility. Two separate entrances allow for smooth business operations and easy client access. The space includes ample storage, two bathrooms, and extra owned designated parking spaces, ensuring convenience for both business owners and customers. With visibility from Thomas Street, the unit offers a great balance of exposure and privacy. PRIME LOCATION: Located in a highly desirable area of Mississauga, this property is close to a variety of amenities and offers excellent highway access, making it convenient for both business and personal needs. Whether youre looking to streamline your work-life balance or invest in a versatile property with income potential, this rare live/work space is a fantastic opportunity. Dont miss out, schedule a viewing today!

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active
New Listing
1/50

$1,225,000 - 3375 Thomas Street Unit 3,4, Mississauga

New Construction for Sale in Mississauga

New — Listed 2 days ago
3Beds
5Baths
2,000 - 2,499Sq Ft
New Construction
Property Details
MLS Number
W12996442
Property Type
New Construction
Status
active
Days on Site
2
Bedrooms
3
Bathrooms
5
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
South
Balcony
Open
Listing Brokerage
RE/MAX REALTY ENTERPRISES INC.
Description

END YOUR COMMUTE! RARE LIVE/WORK SPACE IN MISSISSAUGA. Tired of the daily drive? This unique live/work unit offers the perfect opportunity for professionals, entrepreneurs, and business owners who want to run their business and live in the same space or rent out upstair for additional income. Ideal for health professionals, lawyers, accountants, administrative offices, or any profession needing office space with the convenience of a home nearby, this property eliminates the need for a separate lease while providing a professional and private work environment with a RESIDENTIAL MORTGAGE. RESIDENTIAL SPACE: Spanning two levels, the spacious three-bedroom plus den condo townhouse offers comfortable living with three well-appointed bathrooms and two private balconies that provide outdoor space and a place to unwind. Large windows allow natural light to flood the space, creating a bright and airy atmosphere. Whether you choose to live here or rent it out, the flexibility of this setup makes it a smart investment. Opportunity for a residential mortgage adds even more appeal. COMMERCIAL SPACE: The ground and lower levels are currently set up as a clinic, making them ideal for a retail business, office use, or a medical facility. Two separate entrances allow for smooth business operations and easy client access. The space includes ample storage, two bathrooms, and extra owned designated parking spaces, ensuring convenience for both business owners and customers. With visibility from Thomas Street, the unit offers a great balance of exposure and privacy. PRIME LOCATION: Located in a highly desirable area of Mississauga, this property is close to a variety of amenities and offers excellent highway access, making it convenient for both business and personal needs. Whether youre looking to streamline your work-life balance or invest in a versatile property with income potential, this rare live/work space is a fantastic opportunity. Dont miss out, schedule a viewing today!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,418.59/mo

$
$
5%20%50%

5-yr fixed avg.

Principal: $980,000Interest: $645,576
Mortgage Amount$980,000
Total Interest$645,576
Est. Property Tax$868/mo
Total Cost$1,625,576

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.

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Neighbourhood Guide: Mississauga

Discover Mississauga

Mississauga 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 Mississauga

  • Convenient location in Mississauga
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

John Fraser Secondary SchoolPublic High School
Lorne Park Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Erin Mills Middle SchoolPublic Middle School

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

Mississauga 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.

70
Walk Score
Varies
Price Range

3375 Thomas Street Unit 3,4, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,900/mo
Range: $2,465 - $3,335
Cap Rate (ROI)
1.7%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,900
Maintenance Fees-$0
Property Tax (est.)-$868
Insurance (est.)-$255
Net Cash Flow+$1,777

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $613/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Just Listed - Act Strategically

This property hit the market within the last week. In Mississauga's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

Bathroom Count Matters

With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

Mississauga Market Insight

Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.

Investment Perspective

Looking at this as an investment: Mississauga properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,104 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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