588 Rapids Lane Mississauga, Ontario L5G 0A9
3 Bedroom
5 Bathroom
3,000 - 3,500 ft2
Central Air Conditioning
Forced Air
$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:15069)
Property Details
| MLS® Number | W12818618 |
| Property Type | Single Family |
| Community Name | Lakeview |
| Amenities Near By | Park, Public Transit, Schools |
| Features | Conservation/green Belt |
| Parking Space Total | 2 |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Age | 6 To 15 Years |
| Appliances | Central Vacuum |
| Basement Type | None |
| Construction Style Attachment | Attached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Flooring Type | Laminate |
| Foundation Type | Concrete |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 3,000 - 3,500 Ft2 |
| Type | Row / Townhouse |
| Utility Water | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 50 Ft |
| Size Frontage | 16 Ft |
| Size Irregular | 16 X 50 Ft ; Irregular As Per Survey |
| Size Total Text | 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
Contact Us
Contact us for more information
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
February 26 2026 04:40:11
Toronto Regional Real Estate Board
Royal LePage Real Estate Associates