588 Rapids Lane Mississauga, Ontario L5G 0A9
$1,549,900
Short on a down payment? (read below) Great live work, Potential to designate second commercial rental space just up the staircase. Mixed Use - this luxury townhome includes a separate 725 sq. ft. commercial unit plus a stunning 2,439 sq. ft. residence .The retail space is tenanted, generating $47,460/year in passive income ($3,500/month + hydro). High-traffic location directly across from major retailers including McDonald's, Shoppers Drug Mart, and Dollarama. On-site designated parking available. The owner-occupied townhome features a spacious living and dining area with walk-out balcony, upgraded kitchen with centre island, stainless steel appliances, pot lights, quality laminate flooring, and a striking glass-insert staircase. Offers 3 bedrooms, including a primary retreat with 3-pc ensuite and private balcony, plus a second bedroom with 4-pc ensuite. 4 bathrooms total. Enjoy a rooftop terrace with gas BBQ hookup, built-in garage, and private driveway (2 parking spaces).Easy access to Toronto via GO Transit, including the Port Credit GO Station. Close to top schools, shopping, parks, and everyday conveniences. An exceptional opportunity to own luxury living with built-in income. (Down Payment) - A family member can advance funds from their line of credit, and the main-floor rent can cover the repayment so they're not out of pocket. (id:61852)
Property Details
| MLS® Number | W12818618 |
| Property Type | Single Family |
| Community Name | Lakeview |
| AmenitiesNearBy | Park, Public Transit, Schools |
| Features | Conservation/green Belt |
| ParkingSpaceTotal | 2 |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 3 |
| BedroomsTotal | 3 |
| Age | 6 To 15 Years |
| Appliances | Central Vacuum |
| BasementType | None |
| ConstructionStyleAttachment | Attached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FlooringType | Laminate |
| FoundationType | Concrete |
| HalfBathTotal | 1 |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 3000 - 3500 Sqft |
| Type | Row / Townhouse |
| UtilityWater | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| LandAmenities | Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 50 Ft |
| SizeFrontage | 16 Ft |
| SizeIrregular | 16 X 50 Ft ; Irregular As Per Survey |
| SizeTotalText | 16 X 50 Ft ; Irregular As Per Survey |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 4.69 m | 3.81 m | 4.69 m x 3.81 m |
| Second Level | Bedroom 2 | 3.93 m | 3.05 m | 3.93 m x 3.05 m |
| Main Level | Kitchen | 4.57 m | 4.33 m | 4.57 m x 4.33 m |
| Main Level | Living Room | 6.15 m | 4.69 m | 6.15 m x 4.69 m |
| Main Level | Dining Room | 6.15 m | 4.69 m | 6.15 m x 4.69 m |
| Ground Level | Bedroom 3 | 4.33 m | 3.02 m | 4.33 m x 3.02 m |
Utilities
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29397309/588-rapids-lane-mississauga-lakeview-lakeview
Interested?
Contact us for more information
Dani Habbal
Salesperson
103 Lakeshore Rd East
Mississauga, Ontario L5G 1E2
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February 26 2026 04:40:11
Toronto Real Estate Board
Royal LePage Real Estate Associates