588 RAPIDS LANE, Mississauga, Ontario, L5G 0A9

MLS® # W12818622

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Commercial For Sale In Lakeview, Mississauga, Ontario

$1,549,900

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588 RAPIDS LANE, Mississauga, Ontario, L5G 0A9

$1,549,900

Property Information:

Great live work, Potential to designate second commercial rental space just up the staircase. Official Plan Designated Mixed Use - this luxury townhome includes a separate 725 sq. ft. commercial unit (facing Lagoon Street) plus a stunning 2,439 sq. ft. residence on Rapids Lane.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).Located in sought-after Lakeview with 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. (id:27)

Building Features:

Style: Retail
Air Conditioning: Yes
Floor Space: 3164 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Fully air conditioned

Property Features:

Property Type: Retail
Farm Type: Other
Features: Irregular lot size
Floor Space (approx): 3164 Square Feet
Irregular: Yes
Lot Depth: 60 Feet
Lot Frontage: 22 Feet
Lot Size: Unit=22 x 60 FT ; 22.74 X 74.81 X 64.86 FT
Zoning: RM6-16
No. of Parking Spaces: 2

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