588 Rapids Lane, Mississauga, ON L5G 0A9

Mississauga L5G 0A9 Ontario

MLS: W12818622

$1,488,000

Added 2 hours ago | For Sale

Listed by: Royal Lepage Real Estate Associates

About Property

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.

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 22 X 60
  • Water:Municipal
  • Garage Spaces: /In/Out
  • Driveway:
  • Heating Fuel:
  • Cross Street:Lakeshore Rd. & Cawthra Rd.
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $10141.45
  • Bedrooms:
  • Total Parking Spaces:2
  • Parking Places:2
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:W12818622

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