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Murat Sahiner, Broker | Home6 Team at RE/MAX Realtron Realty Inc., Brokerage | 88 Konrad Crescent, Markham, ON L3R 8T7

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588 Rapids Lane Mississauga
For SaleMississauga

588 Rapids Lane Mississauga, Commercial Retail for Sale

MLS® W12705658

Mississauga, ON

295 days on market
$1,599,000
Show on Map
Show on Map
N/ABeds
N/ABaths
3,164Sqft
N/AParking
Commercial Retail

Overview· 588 Rapids Lane Mississauga

MLS® #W12705658

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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Highlights & Amenities· 588 Rapids Lane Mississauga

Source: MLS® listing data
588 Rapids Lane Mississauga

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

Price & Listing History

Days on Market

Current: 295 days

0306090120+

Rooms

Room information is not available for this listing.

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Mortgage Calculator

Mortgage Summary

Mortgage Payment$6,431/mo
Property Tax$845/mo
Total Monthly$7,277

Monthly Cash Flow (investors)

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Net Cash FlowN/A

Closing Costs

Estimated closing costs$0
Cash required incl. down payment$0