$1,549,900
Available - For Sale
Listing ID: W12818622
588 Rapids Lane , Mississauga, L5G 0A9, Peel
| 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. |
| Price | $1,549,900 |
| Taxes: | $10141.45 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 588 Rapids Lane , Mississauga, L5G 0A9, Peel |
| Postal Code: | L5G 0A9 |
| Province/State: | Peel |
| Legal Description: | Pt Blk 21 Pl 43M2003 Pts 130,230,311 & 2 |
| Directions/Cross Streets: | Lakeshore Rd. & Cawthra Rd. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Retail |
| Use: | Other |
| Building Percentage: | T |
| Total Area: | 3164.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 2439 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 0-5 |
| Franchise: | F |
| Sprinklers: | No |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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| Royal Lepage Real Estate Associates |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Peel |
| Municipality: | Mississauga |
| Neighbourhood: | Lakeview |
| Approximate Age: | 0-5 |
| Tax: | $10,141.45 |
| Fireplace: | N |
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