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For saleMLS® W13547716

49 Matheson Boulevard E, Mississauga, ON L4Z 2Y5

Hurontario · L4Z 2Y5

$275,000

$116 / sq ft

3 months on market

Bathrooms
2
Total area
2,374 sf
0

What's special

  • Yes

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About this property

Are you looking to own a long-established, family-friendly Italian eatery in a prime AAA location? Here is your opportunity to acquire a well-known, non-franchise business at the highly desirable Hurontario & Matheson Blvd corridor. Surrounded by major corporate offices, small warehouses, hotels, government offices, and professional firms including CRA, law offices, TZX and Oracle, this location enjoys excellent exposure, steady foot traffic, and strong catering revenues. This successful and proven business offers a diverse menu featuring authentic Italian cuisine including pizza, pasta, panini, and popular signature dishes such as homemade lasagna, panzerotti, veal sandwiches, and rich pomodoro sauce pasta. The restaurant has built a loyal customer base over the years, with repeat clientele from nearby offices and businesses. Customers benefit from flexible dining options, with dedicated menus for dine-in as well as catering for private parties, corporate events, and special occasions. The premises offer approximately 2,374 sq. ft. of well-utilized space, including a comfortable dine-in area with seating for 50 guests, along with an additional 25-seat summer patio, all enhanced by LLBO licensing. The fully equipped commercial kitchen is designed for efficiency and high-volume production, featuring a 12 ft hood, 2 oven hoods, 2 walk-in freezers, and 2 washrooms. With multiple revenue streams from dine-in, takeout, and catering, this turnkey operation is ideal for owner-operators or investors seeking a stable and scalable business. Excellent opportunity with immediate income potential in a high-demand commercial hub.

Property details

Property

Property type
business
Bathrooms
2
Interior size
2,374 sq ft
Zoning
C1
Possession
TBA

Interior

Heating
Gas Forced Air Closed
Cooling
Yes

Exterior & services

Sewer
Sanitary+Storm

Costs

List price
$275,000
Property taxes
$4,424 / year (2026)
Price per sq ft
$116
Rental items
Hot Water Tank

Listing

MLS® number
W13547716
Status
For sale
Listed
July 10, 2026
Days on market
118
Last updated
October 26, 2026
Listing brokerage
HOMELIFE/MIRACLE REALTY LTD

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 44% of comparable business for sale listings in Hurontario are asking less.

$102KMedian $299K$760K

Based on 9 comparable active business for sale listings in Hurontario. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $13,750
$13,750
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$1,444.50
Property tax (est.)
$368.67
Estimated monthly
$1,813

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$2,600
Total due on closing
$2,600

An estimate on the asking price of $275,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of HOMELIFE/MIRACLE REALTY LTD. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$275,000

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