588 Rapids Lane

ActiveMississauga162 days on marketMLS® W12818622
$1,488,000
$470 / sq ft
Bedrooms0
Bathrooms0
Interior3,164 sq ft
TypeCommercial
ListingFor Sale
Days on Market162

About this property

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 & finishes

View
Air Conditioning
Basement

Property details

MLS® NumberW12818622
StatusActive
Listing TypeFor Sale
Property TypeCommercial
Interior Size3,164 sq ft
Beds / Baths0 bed · 0 bath
CityMississauga
Postal CodeL5G 0A9
ProvinceON
Listed DateFebruary 25, 2026
Days on Market162
Price per Sq Ft$470
BrokerageRoyal Lepage Real Estate Associates

Location

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Listed by Royal Lepage Real Estate Associates