588 Rapids Lane

Mississauga, ON L5G 0A9 ( Lakeview)

Quick Facts

Type: Att/Row/Townhouse

Style: 3-Storey

Size: Sq Ft

Age: Years

Taxes: $ 10,141 ( 2025)

Updated: 2026-03-04 12:41:44

Description

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. Monthly private fee is $152.

Extras

Att/Row/Townhouse

Property

Status: For Sale

MLS #: W12818618

Price: $ 1,488,000

Address: 588 Rapids Lane

Type:

Style: 3-Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 10,141

Tax Year: 2025

Lot Size:

Neighbourhood: Lakeview

Nearest Intersection: Cawthra/Lakeshore Rd

City: Mississauga

Postal Code: L5G 0A9

DOM: 20 Days

Last Update: 2026-03-04 12:41:44

 

Building

Interior

Bedrooms: 3

Bathrooms: 5

Rooms: 6

Kitchens: 1

Family Room:

Fireplace:

Basement: None,

Central Vacuum:

 

Exterior

Exterior: Brick,

Driveway:

Garage: Private

Garage Spaces:

Parking Spaces: 2.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

 

Features

 

Rooms