NewFor Sale

588 Rapids Lane
Mississauga, Peel, ON, L5G 0A9

Commercial Retail
TRREB
MLS® Number: W12705658
$1,599,000List Price
Commercial RetailProperty Type
3,164 sq ftSize
$10,141.45 / 2025Taxes (Annual)
Join CPRB Brokerage
Apply here

Property Location

Loading map…
Receive updates in 588 Rapids Lane, Mississauga, Peel, ON L5G 0A9

Listing History

Buy/sell history for 588 Rapids Lane, Mississauga, ON L5G 0A9

0 Transactions by CPRB Agents

Top Agents in Mississauga

Description

Retail Space is Tenanted see details below and Townhouse is Owner Occupied - OFFICIAL PLAN DESIGNATED - MIXED USE Extremely Unique Luxury Townhome has a separate 725 Sq Ft Commercial Unit on the back side of the building facing Lagoon Street. This residential townhouse is located on Rapids Lane is 2,439 Sq ft on Rapids Lane and 1-3 pc bathroom - 2 sinks and 1 toilet. This location is amazing with a big box store Strip Mall across the road; McDonald's, Shoppers Drug Mart, Dollarama and other fine stores. This high traffic space for the this commercial space is super convenient and an excellent investment with PASSIVE INCOME $47,460 per year, the commercial tenant pays a $3,500 monthly fee plus hydro. Note: Designated parking spaces available onsite. The gorgeous Townhome features a spacious Living room, w/o balcony and Dining room. Kitchen offers upgraded cabinets, centre island, backsplash, trim and stainless steel fridge, stove, B/I microwave, B/I dishwasher plus upgraded pot-lights, tile, quality laminate flooring plus a gorgeous staircase with glass inserts > 3 Bedrooms; the 2nd level primary bedroom w/3 pc ensuite, shower and walk out to private balcony. The 2nd bedroom has a a 4pc ensuite bath. 4 Bathrooms in total. Lakeview is an area known for its amenities and easy commute to Toronto with the Go Transit system available either in Etobicoke or at the Port Credit Go Station at Hurontario and Lakeshore. The location is known for excellent schools, shopping, parks, recreation and convenient transportation. Note: the Rooftop terrace has a gas barbecue hookup and the built-in garage and single driveway which provides 2 parking spaces for the Townhome.

Features

No features available

Amenities

No amenities available

Summary

Tax (Annual):$10,141.45 / 2025
Listing #:W12705658
Property Type:Commercial Retail
Building Age:0-5
Size:3,164 sq ft
Land Size:22 x 60
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:RE/MAX REALTY ENTERPRISES INC.

Rooms

Details

Property

Property Type:Commercial Retail
Community:Lakeview
Municipality:Peel

Building

Size:3,164 sq ft
Building Age:0-5

Inside

Bedrooms:0
Bathrooms:0
Kitchens:0
Family Room:No

Parking

Garage Type:None
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Open
Utility Sewer:Sanitary

Land

Cross Street:Lakeshore Rd. & Cawthra Rd.

$1,599,000

List price

588 Rapids Lane, Mississauga – Commercial Retail for sale · MLS® # W12705658