Homula Realty Brokerage
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6740 Davand Drive 8, Mississauga, ON L5T 2K9

Sale Of Business
$299,900

Turnkey Restaurant Business for Sale - Prime Mississauga Industrial Location! Excellent opportunity to acquire Trisha's South Indian and Sri Lankan Cuisine Restaurant, a well established and respected location located in the heart of Mississauga's busy Dixie & Derry employment district. Surrounded by thousands of employees, warehouses, offices and industrial businesses, this location benefits from strong weekday breakfast and lunch traffic, take-out, catering and repeat clientele. Professionally built-out approximately 1,347 sq. ft. premises featuring a fully equipped commercial kitchen, quality leasehold improvements and all equipment required to continue operations. A true turnkey opportunity for an owner-operator or experienced restaurateur. Current lease in place Low Rental (Net Lease + TMI + HST = $4788.31 Per Month) until November 30, 2029, with assignment subject to landlord approval. Excellent exposure, ample on-site parking and easy access to Highways 401, 410 and 407. Ideal for continuing the existing concept or introducing your own cuisine, subject to landlord approval and applicable municipal requirements. Business only for sale. Real property not included. Please do not approach staff or discuss the sale with employees. Financial information available to qualified buyers upon execution of a confidentiality agreement.

MLS number
W13645134
Type
Sale Of Business
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L5T 2K9
Photos
15
Property tax
$5,671 / year
37days · 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 the building rather than the unit — every unit in a tower shares one coordinate.

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
Quark West SchoolElementary and secondary1.3 kmNot reported
NOVA INTERNATIONALSecondary1.1 kmNot reported
Shiloh Christian InstituteElementary and secondary1.3 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.

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.

$59,980 · minimum here is $14,995
$1,327.89per month
Borrowed before insurance$239,920
Total borrowed$239,920
Interest over 25 years at 4.5%$158,448

If you rented it out

-$1,800.48per month out of pocket
Rent$0.00
Everything it costs to hold$1,800.48
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 CENTURY 21 MILLENNIUM INC.. Listing data provided by the Toronto Regional Real Estate Board.