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    For Sale - 588 Rapids Lane, Mississauga, Ontario

    Est payment $7,145/mo
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    Time on Jump  36 day

    AI Summary *

    • Luxury townhome with a separate commercial unit for additional income.
    • Current retail space brings in $47,460/year in passive income.
    • Spacious living area with a walk-out balcony and upgraded kitchen.
    • Rooftop terrace perfect for entertaining with a gas BBQ hookup.
    • Conveniently located near major retailers and transit access to Toronto.




    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.
    Listing IDW12818622
    Address588 Rapids Lane
    CityMississauga, Ontario
    Price$1,488,000
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling Gas Forced Air Open

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    Listing Agency:  Royal Lepage Real Estate Associates

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    588 Rapids Lane
    Mississauga , Ontario
    $1,488,000
    Get more info