Commercial Retail

588 Rapids Lane, Mississauga, ON L5G 0A9

QR Code
Property 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 Mc Donald’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.

Basic Details
Property Type:
Commercial Retail
Listing Type:
For Sale
Listing ID:
W12818622
Price:
$1,549,900
Status:
Active
Property Sub Type:
Commercial Sale
Address
Postal Code:
L5G 0A9
City:
Mississauga
Street:
Rapids
Street Number:
588
Street Suffix:
Lane
Features
Cooling System:
Yes
Utilities:
Available
Brokerage
Office Name:
Royal Lepage Real Estate Associates
Additional Information
Building Size:
3164
Business Type:
Other
Financial
Tax Annual Amount:
10141.45
Listing Information
Mls Status:
New
Modification Timestamp:
2026-02-26T15:39:59Z
Originating System Name:
TRREB
Address Map
Zoning:
RM6-16
Directions:
West of Cawthra on Lakeshore Rd East - this property is right next to a large strip plaza on the north side of Lakeshore Rd East in Lakeview

More information about this property

Commercial Retail For Sale
Listing ID:
W12818622
Visits:
0 in 2 days
$1,549,900