Square One Live Work Condos

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 at the heart of Canadian economy as so many of us work for self and use home offices for business.

A self employed professional thrives to get best value when it comes to leasing an office space outside of their primary residence. Sometimes, pure commercial units do not serve the shoe-string budget of small business operators. Finding a work space away from home may prove to be an expensive proposition in terms of renting costs and the time and money spent on everyday commute. Live and work zoning allows the best of both worlds. Live and work condos may be a better option, as they provide savings on rent and ease of operation.

This niche segment of condos has a great potential when it comes to savings, compared to similar sized purely commercial properties. There are not many live and work condos available in Mississauga market, and only a handful are available in Mississauga Square One area (exclusively at this location).

Live work condos lease opportunity

I will soon list a live and work condo for lease in Mississauga’s Square One area – one of the most happening places. This is approx. a 1,300 sq ft, two level unit. Main floor comes with a living and dining area (office area), a kitchen and a bath. There are two entrances on ground level. One from Burnhamthorpe Rd West/ Duke of York, and the other one from inside of the building. The second level has 4 work areas and two full washrooms. This unit comes with one parking space. There is ample municipal parking around this building.

If you are interested to lease this Downtown Mississauga’s live and work condo, do let me know. The asking price is $3,250 per month. This is really a bargain. It is also only a fraction of the cost of what one would pay for a purely commercial unit of similar size, and remember you would still need another place to live, when choosing pure commercial lease for work.

Location, location, location – is the key mantra in real estate!

What could be a better place than a live and work unit right across Mississauga Celebration Square? The property is located on the ground level of CityGate1, at 3939 Duke of York Blvd. CityGate condos are one of the many skyscraper condominium buildings that make up the Mississauga Downtown condo market. This unit is at walking distance to some 5,000 residential condominium units. Wow! Can you imagine the potential of the market this live and work unit can cater to? Most of the prospects can simply walk to the unit, with no need to drive.

This live and work condo at Square One perfectly integrates with Downtown Mississauga’s vision of being pedestrian friendly. Downtown Mississauga offers affluent demography from various cultures. People of all age groups live in the Square One area condo buildings. These residential condos range anywhere from mid $200K to $700K in price range for some luxury condos.

Type of businesses for Live Work Condos

There are only a handful of live and work units in the entire Downtown Mississauga area. Some of these Live and Work units include, eye wear, pharmacy, spa, accountant’s office, mortgage, job placement consultants and real estate office. These days new builders are not offering this type of product. They prefer to keep control of prime real estate in their own hands, and choose leasing over selling commercial retail space.

The Condo declaration allows live/ work units to be used as a residential unit as well as work. It also allows installation of elegant signage as long as they meet with the City’s by-laws and approvals.

Kind of businesses that may consider this particular live and work unit include any professional office: a studio, multimedia office, tuition centre, doctor’s office, law firm, travel office, financial office, registered massage therapist, dryclean depot, alteration and tailoring shop, boutique, or any other professional consultancy. Due diligence and permits would be required before establishing any of these or other businesses.

What can be a better thing than to serve the community from your very home, with a separate workplace below? Call me today to discuss more.