$1,599,000
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588 Rapids Lane, Mississauga on L5G 0A9, Mississauga, ON L5G 0A9

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OFFICIAL PLAN DESIGNATED - MIXED USE (INCLUDING RESIDENTIAL) Extremely Unique Luxury Live-Work Freehold 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 while the Townhouse is 2, 439 Sq ft on Rapids Lane. 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 Freehold 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. The area is 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 provides 2 parking spaces for the Townhome.

Listing By: Linda Pinizzotto - RE/MAX REALTY ENTERPRISES INC cnitso Realty.com
  • MLS® 40799304
  • Date Listed01/16/2026
  • Days on Realty 142 Days
  • Bedrooms 0
  • Bathrooms
  • Lot Size 1,227 sq. ft
  • Property Type Retail
  • County Peel
  • Year Built 2019
  • Water None

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 1,226.98
  • Lot Features High Traffic Area, Hospital, Marina, Public Transit, Schools, Other

Directions

West of Cawthra on Lakeshore Rd East - this property is right next to a large strip plaza on the north side of Lakeshore Rd East in Lakeview

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for L5G 0A9

Discover key demographics, population statistics, and environmental insights for the Mississauga, ON area.

Walkability in ON / L5G 0A9

Source: Walk Score

77/100

Very Walkable

Walk Score ®

36/100

Some Transit

Transit Score ®

56/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

3 nearby routes: 3 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 61/100, Transit Score: 47/100, Bike Score: 55/100.

Points of Interest near 588 Rapids Lane, Mississauga ON L5G 0A9, Mississauga, ON L5G 0A9

Frequently Asked Questions for 588 Rapids Lane, Mississauga ON L5G 0A9

Source: Realty.com

588 Rapids Lane, Mississauga ON L5G 0A9, Mississauga, ON L5G 0A9 in Mississauga, ON L5G 0A9 is a retail listed at $1,599,000. Highlights include built in 2019. Realty.ca has 46 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 46 photos of 588 Rapids Lane, Mississauga ON L5G 0A9.

Our records indicate that 588 Rapids Lane, Mississauga ON L5G 0A9 was built in 2019.

The full address for this home is 588 Rapids Lane, Mississauga ON L5G 0A9, Mississauga, ON L5G 0A9.

588 Rapids Lane, Mississauga ON L5G 0A9 has been listed on Realty.com since Fri January 16, 2026

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 61/100, Transit Score: 47/100, Bike Score: 55/100.

Listing provided courtesy of: Re/max Realty Enterprises Inc (tel: 905-278-3500)
Listing agent: Linda Pinizzotto

This content last refreshed on 2026-06-07 13:58:03. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.