Price ChangeFor Sale

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

Commercial Retail
TRREB
MLS® Number: W12818622
$1,488,000List Price
Commercial RetailProperty Type
3,164 sq ftSize
$10,141.45 / 2025Taxes (Annual)
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PRICE CHANGED
$1,488,000
Previously Listed For:
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Listing History

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

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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.

Features

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Amenities

No amenities available

Summary

Tax (Annual):$10,141.45 / 2025
Listing #:W12818622
Property Type:Commercial Retail
Building Age:0-5
Size:3,164 sq ft
Land Size:22 x 60
Days on CPRB:
Garage:In/Out
Locker:None
On CPRB Since:
Listing Brokerage:Royal Lepage Real Estate Associates

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:In/Out
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Open

Land

Cross Street:Lakeshore Rd. & Cawthra Rd.

$1,488,000

List price

588 Rapids Lane, Mississauga – Commercial Retail for sale · MLS® # W12818622