Condominiums come in many forms, residential, commercial, hotel and also live and work. Live and work condos are a unique product designed to suit self employed professionals. Small business is the heart of Canadian economy, many of us work for self and use home office for business.
A self employed professional thrives to get best value when it comes to leasing office space outside home. Sometimes, pure commercial units do not serve the shoestring budget of small business operators. Finding a work space away from home may prove to be an expensive solution in terms of renting costs and the time and money spent on everyday commute. Live and work condos may be a better solution as they provide savings on rent and ease of operation.
This niche segment of live work condos has a great potential when it comes to savings compared to similar sized commercial condo properties. There are not many live and work condos available in the Mississauga market.
Live and Work Condos in Churchill Meadows
One can find “Live and Work condos” in Mississauga’s growing Churchill Meadows area (Thomas Street and Tenth Line). Churchill Meadows is only a 10 minutes drive from Mississauga Square One. Built by Great Gulf, these condos come with a main street exposure. Many businesses are allowed to operate from these suites.
Like any other modern condo community, this Churchill Meadows townhome complex offers many one bedrooms, two bedrooms and three bedroom condominium suites. There is only one block that is purely live and work condominium, which makes this property a unique buy opportunity. The community is served with a beautiful park and a child play area. The condo complex is next to a popular strip plaza, walking distance to Stephen Lewis High School and close to Erin Mills Mall. There are already some businesses operating from these live and work suites, such as a salon, a tailoring shop, an educational business etc. What can be a better thing than to serve the community from your very home with a separate workplace below.
The residential unit comes with two parking spaces and the commercial unit offers three parking spaces.
One can also find some Live Work Condos at Square One area in Mississauga. If you are interested to buy a “live and work condo” in Mississauga, Oakville or Milton, do let me know.