Homula Realty Brokerage
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2355 Derry Road E 35, Mississauga, ON L5S 1V6

Office
$1,500,000

Prime Airport Area Office Opportunity! Exceptional opportunity to own a well-maintained 2-storey corner office unit offering approx. 2,600 sq. ft. of versatile commercial space. Features 2 completely separate units with approx. 1,300 sq. ft. on each floor, providing excellent flexibility for owner-users and investors. Occupy one level and lease the other, or utilize both floors for your business. Bright corner unit with abundant windows, natural light, and clear views. Strategically located across from Pearson Airport with quick access to Highways 401, 410 & 407. Landlord willing to rent upper floor for $3000 per month. Existing layout and setup make it ideal for media, podcast, content creation, or TV production studios, as well as a variety of professional office uses. Rare opportunity to own a flexible, income-generating commercial property in a highly sought-after business location.

MLS number
W13494866
Type
Office
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L5S 1V6
Photos
7
Property tax
$7,768 / year
79days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to this street. The listing did not say which direction, and every candidate was in the same place.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Khalsa School MaltonElementary and secondary1.9 kmNot reported
Quark West SchoolElementary and secondary1.8 kmNot reported
Ontario International Secondary SchoolSecondary1.9 kmNot reported

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 446 people.

$68,000Median household income
27.6%Own their home
34.6%Detached houses
38Median age
55.8%Born outside Canada
20.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35211696 — the few blocks around this address, home to 446 people. It describes the area, not this property.

446Population
40.1Average age
3.1Household size
$82,000Average household income
$68,000Median household income
28%Own their home
72%Rent
28%Condominiums
56%Born outside Canada
20%University degree
$1,100,000Average home value
25%Low income
64%Not in the labour force
38%Never married
$20,000 to $24,9996%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9996%
$40,000 to $44,9993%
$50,000 to $59,9999%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9996%
$100,000 and over24%
$100,000 to $124,99912%
$125,000 to $149,9993%
$150,000 to $199,9993%
$200,000 and over3%

Percentages are of the 165 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$300,000 · minimum here is $300,000
$6,641.68per month
Borrowed before insurance$1,200,000
Total borrowed$1,200,000
Interest over 25 years at 4.5%$792,503

If you rented it out

-$7,289.01per month out of pocket
Rent$0.00
Everything it costs to hold$7,289.01
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX METROPOLIS REALTY. Listing data provided by the Toronto Regional Real Estate Board.