588 Rapids Lane Mississauga, Ontario L5G 0A9
$1,549,900
Great live work, Potential to designate second commercial rental space just up the staircase. Official Plan Designated Mixed Use - this luxury townhome includes a separate 725 sq. ft. commercial unit (facing Lagoon Street) plus a stunning 2,439 sq. ft. residence on Rapids Lane.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).Located in sought-after Lakeview with 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. (id:47351)
Property Details
| MLS® Number | W12818622 |
| Property Type | Retail |
| Community Name | Lakeview |
| Farm Type | Other |
| Features | Irregular Lot Size |
| Parking Space Total | 2 |
Building
| Age | 0 To 5 Years |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 3,164 Ft2 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 60 Ft |
| Size Frontage | 22 Ft |
| Size Irregular | Unit=22 X 60 Ft ; 22.74 X 74.81 X 64.86 Ft |
| Size Total Text | Unit=22 X 60 Ft ; 22.74 X 74.81 X 64.86 Ft |
| Zoning Description | Rm6-16 |
https://www.realtor.ca/real-estate/29397310/588-rapids-lane-mississauga-lakeview-lakeview
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February 25 2026 04:15:41
Toronto Regional Real Estate Board
Royal LePage Real Estate Associates