For Sale

5955 Latimer Drive, Mississauga, Ontario L5V 0B7

$599,000

5955 Latimer Drive, Mississauga, Ontario L5V 0B7 is For Sale and has a listing price of 599,000. The property is located in the East Credit neighbourhood . It's been on the website for 1 Day.

  • Sale Of Business
    Property Type
  • MLS ID: W12405435
  • Office Name ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Property Description

Outstanding restaurant conversion opportunity in the highly sought-after Heartland area of Mississauga. This fully built-out space spans approx. 2,866 sq. ft. with seating for over 70 guests, ideal for a wide range of food and beverage concepts. Equipped with a 10-foot exhaust hood and walk-in fridge, the premises are well set up for operators looking for a turnkey solution.Located within the bustling Heartland Town Centre node one of Canadas largest power centres the property enjoys exceptional exposure, high daily traffic counts, and strong surrounding demographics. Anchored by national retailers and drawing consistent customer flow from the extensive retail mix, this location offers unmatched visibility and growth potential.The site also benefits from ample on-site parking, making it highly accessible to both local residents and visitors from across the GTA. Current rent is $13,422 per month (inclusive of TMI & HST), with a lease running until January 2029 and an additional 5-year renewal option available. Conversion to any non-competing use is permitted with Landlord approval.A rare chance to secure a prime restaurant location in one of Mississaugas busiest commercial destinations.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: W12405435
  • Price: $599,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: N/A
  • Ref ID: W12405435
  • Dir / Cross St: MAVIS RD & BRITANNIA RD W
  • Status: Active
  • Tax Year: 2025
  • Property Type: Sale Of Business
  • Property Sub Category: Business
Price History
List Date MLS ID List Price Status End Date Closed Price
09/16/2025 W12405435 $599,000 For Sale - -
03/07/2025 W12008074 $449,999 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
East Credit
  • $1,273,487 Average List Price
    based on 1 year
  • 189 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.28 % Up
  • Sold (12mo) 264
  • Rented (12mo) 241

  • 1 Month Change +3.9%
  • 3 Month Change -17.4%
  • 6 Month Change -40.5%
Walkscore
Additional Details
  • Heat Type Y
  • Garage Type Plaza
  • Taxes: $4,714
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBD
  • Listing Entry Date: 16/09/2025 00:50:06
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