588 Rapids Ln

LocationLakeview, Mississauga, L5G 0A9
$1.488M For Sale
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Description

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.

Features

  • House Facing
    Facing: East
  • Bedrooms
    Bedrooms: 3
  • Bathrooms
    Bathrooms: 5
  • Garages
    Garages: 1
  • Kitchens
    Kitchens: 1

Details

  • Front Lot
    Lot size: 16.00 x 50.00 Feet
  • Lot Depth
    Space: 3000-3500
  • Tax Amount
    Tax: $ 10141.45
  • MLS
    W12818618
  • Listing contracted with: Royal Lepage Real Estate Associates
Room Size(M) Description
Kitchen4.57x4.33

Eat-in Kitchen, Stainless Steel Appl, Granite Counters

Living Rm6.15x4.69

Laminate, Open Concept, W/O To Balcony

Dining Rm6.15x4.69

Laminate, Open Concept, Combined w/Living

Primary B4.69x3.81

3 Pc Ensuite, W/O To Balcony, Double Closet

2nd Br3.93x3.05

Laminate, Closet, 4 Pc Ensuite

3rd Br4.33x3.02

Laminate, Closet, 3 Pc Ensuite



Bathroom Pieces Level
1xBath2 pcs

Main

1xBath3 pcs

Ground

1xBath4 pcs

Upper

1xBath3 pcs

Upper

1xBath3 pcs

Ground



Property Summary

Located close to the intersection of Cawthra and Lakeshore Rd, 588 Rapids Ln is a 3 bedrooms 5 washrooms Freehold Townhouse. The unit has a Single Attached Parking Space. The property has many nice features including Central Vacuum. Kitchen, Living Room Rm and Dinning Room Rm are on the Main floor; third bedroom is on the Ground floor.

Commute Information

GTA Go Train Port Credit Go Train Station (2km)

Location





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