588 Rapids Lane, Mississauga, Ontario L5G 0A9

Listed for:
$1,488,000
0 beds
0 baths
Listed 6 days ago
588 Rapids Lane, Mississauga, Ontario L5G 0A9

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About

Cross Streets: Lakeshore Rd. & Cawthra Rd. ** Directions: West of Cawthra on Lakeshore Rd East - this property is right next to a large strip plaza on the north side of Lakeshore Rd East in Lakeview. 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. (id:27476)

Property Highlights

MLS® Number
W12818622
Type
Retail
Community Name
Lakeview
Land Size
Unit=22 x 60 FT ; 22.74 X 74.81 X 64.86 FT
Parking Space Total
2

Building

Square Footage
3164 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Fully air conditioned

Utilities

Water
Municipal water

Location

Learn more about this property
Listing provided by:
Royal Lepage Real Estate Associates
MLS® number:
W12818622
Agent:
Dani Habbal
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