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Home ON Greater Toronto Area Mississauga Lakeview
588 RAPIDS LANE
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588 RAPIDS LANE $1,549,900
1 day ago
$1,549,900
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588 RAPIDS LANE
Mississauga (Lakeview), Ontario L5G0A9

MLS® Number: W12818618
3
Bedrooms
5
Bathrooms
3000 - 3500
Square Feet

Listing 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. (42215927)

Location Description

Cross Streets: Cawthra/Lakeshore Rd. ** Directions: Lakeshore Rd East and west of Cawthra on the north side.

Property Summary

Property Type
Single Family
Building Type
Row / Townhouse
Storeys
3
Square Footage
3000 - 3500 sqft
Community Name
Lakeview
Title
Freehold
Land Size
16 x 50 FT ; Irregular As Per Survey
Age Of Building
6 to 15 years
Annual Property Taxes
$10,141.45
Parking Type
Attached Garage, Garage
Time on REALTOR.ca
1 day

Building

Bedrooms
Above Grade
3
Bathrooms
Total
5
Partial
1
Interior Features
Appliances Included
Central Vacuum
Flooring
Laminate
Basement Type
None
Building Features
Features
Conservation/green belt
Foundation Type
Concrete
Style
Attached
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air (Natural gas)
Utilities
Utility Type
Electricity (Installed), Sewer (Installed)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Park, Public Transit, Schools
Parking
Parking Type
Attached Garage, Garage
Total Parking Spaces
2

Measurements

Square Footage
3000 - 3500 sqft

Rooms

MetricImperial
Main level
Kitchen
Living room
Dining room
Second level
Primary Bedroom
Bedroom 2
Ground level
Bedroom 3

Land

Lot Features
Frontage
16 ft
Land Depth
50 ft
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