$1,299,500 - 7015 Tranmere Drive Unit 15, Mississauga
Commercial for Sale in Mississauga
New — Listed yesterday- MLS Number
- W13419812
- Property Type
- Commercial
- Status
- active
- Days on Site
- 1
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 2,651 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Excellent Opportunity For An Owner-User Or Investor Seeking Flexible Office/Flex Space In Mississauga's Airport Corporate Centre. Unit 15 At 7015 Tranmere Drive Offers Approximately 2,600 Sq. Ft. Of Professionally Built-Out Space With A Layout That Provides Multiple Use Configurations For Today's Evolving Business Needs.Currently Configured As Functional Office Space, The Unit Features A Private Glass-Enclosed Principal Office, Multiple Work Areas, Meeting Spaces, And A Kitchen/Break Area, Allowing A Purchaser To Occupy Immediately Without The Time And Expense Of A Full Build-Out.A Unique Advantage Of This Corner Unit Is Its Orientation And Existing Layout, Which May Allow For The Creation Of Two Separate Units, Each With Independent Entrances And Dedicated Washroom Facilities, Offering Potential For Multi-Tenant Occupancy, Shared Ownership Structures, Or Additional Income Generation.The Property Also Benefits From A Drive-In Shipping Door, Creating Rare Flexibility For An Office Condominium. A Purchaser With Vision May Explore Reconfiguring Portions Of The Main Floor Into Warehouse, Storage, Light Industrial, Or Showroom Space (Subject To Required Approvals), Making This An Attractive Option For Businesses Seeking A Combination Of Office And Industrial Functionality.Strategically Located Minutes From Pearson International Airport And Offering Immediate Access To Highways 401, 427, And 409, The Property Provides Exceptional Connectivity For Staff, Clients, And Logistics Operations.A Rare Corner Unit Offering Immediate Usability Today And Multiple Value-Add Opportunities For Tomorrow.
Estimate your monthly payments for this property
Estimated Payment
$5,748.13/mo
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 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
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.
7015 Tranmere Drive Unit 15, 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
At $490/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
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.