588 Rapids Lane, Mississauga, ON L5G 0A9 (Lakeshore Rd. & Cawthra Rd.)

Price : $1,549,900.00 , MLS®# : W12818622

Description

Great live work, Potential to designate second commercial rental space just up the staircase. Official Plan Designated Mixed Use - this luxury townhome includes a separate 725 sq. ft. commercial unit (facing Lagoon Street) plus a stunning 2,439 sq. ft. residence on Rapids Lane.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).Located in sought-after Lakeview with 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.

Location Description

Lakeshore Rd. & Cawthra Rd.

Property Details
  • Community: Lakeview
  • Property Type: Owner+Tenant/Commercial
  • Garages: In/Out
  • Annual Property Taxes : $ 10141.45
Building Features
  • Parking Type : In/Out
Building Features
  • Heating : Gas Forced Air Open
Land (Lot Features)
  • Frontage: 22 sq.ft
  • Land Depth: 60sq.ft
  • Square Footage : 22.74 X 74.81 X 64.86 FT

Listing Contracted With: Royal Lepage Real Estate Associates