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MLS® W12705658
Mississauga, ON
Retail Space is Tenanted see details below and Townhouse is Owner Occupied - OFFICIAL PLAN DESIGNATED - MIXED USE Extremely Unique Luxury Townhome has a separate 725 Sq Ft Commercial Unit on the back side of the building facing Lagoon Street. This residential townhouse is located on Rapids Lane is 2,439 Sq ft on Rapids Lane and 1-3 pc bathroom - 2 sinks and 1 toilet. This location is amazing with a big box store Strip Mall across the road; McDonald's, Shoppers Drug Mart, Dollarama and other fine stores. This high traffic space for the this commercial space is super convenient and an excellent investment with PASSIVE INCOME $47,460 per year, the commercial tenant pays a $3,500 monthly fee plus hydro. Note: Designated parking spaces available onsite. The gorgeous Townhome features a spacious Living room, w/o balcony and Dining room. Kitchen offers upgraded cabinets, centre island, backsplash, trim and stainless steel fridge, stove, B/I microwave, B/I dishwasher plus upgraded pot-lights, tile, quality laminate flooring plus a gorgeous staircase with glass inserts > 3 Bedrooms; the 2nd level primary bedroom w/3 pc ensuite, shower and walk out to private balcony. The 2nd bedroom has a a 4pc ensuite bath. 4 Bathrooms in total. Lakeview is an area known for its amenities and easy commute to Toronto with the Go Transit system available either in Etobicoke or at the Port Credit Go Station at Hurontario and Lakeshore. The location is known for excellent schools, shopping, parks, recreation and convenient transportation. Note: the Rooftop terrace has a gas barbecue hookup and the built-in garage and single driveway which provides 2 parking spaces for the Townhome.
Inclusions
Note: RM6-16 ZONING - there is a designated parking space available retail - minimal monthly cost. Enjoy a life of Luxury in your gorgeous Townhome with the following inclusions: Upgraded Ss Stove. Ss Fridge, Ss Dishwasher, Ss Microwave. Upgraded Washer And Dryer, Central Ac, Central Vacuum, Auto Garage Door Opener.
Broker
RE/MAX REALTY ENTERPRISES INC.
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Commercial Retail
588 Rapids Lane Mississauga
Mississauga
Built
0-5
Type
Commercial Retail
Parking
None
Property Tax
~$10,141/yr
Heating
Gas Forced Air Open
Buying Essentials
Square Feet
3164 sqft
Parking
None
Finances
List Price
$1,599,000
Price per SQFT
$505/sqft
Property Tax
~$10,141/yr
Property Specs
Property Type
Commercial Retail
MLS Size
3164 sqft
Age of Building
0-5
Living & Amenities
Heating Type
Gas Forced Air Open
Policies & Utilities
Neighbourhood
Mississauga
Listed On
Jan 16, 2026
Days on Market
Current: 295 days
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