$1,488,000
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588 Rapids Lane, Mississauga (lakeview), ON L5G0A9

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3 Beds
5 Baths
- Sq Ft

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. (id:58753)

Listing By: DANI HABBAL - Royal Lepage Real Estate Associates cncrea2 Realty.com
  • MLS® W12818618
  • Date Listed02/25/2026
  • Days on Realty 152 Days
  • Bedrooms 3
  • Bathrooms 5 baths
  • Lot Size -
  • Sewer Other
  • Property Type Townhouse
  • Water Public

Interior Features

  • Appliances Central Vacuum
  • Flooring Laminate
  • Cooling Central air conditioning
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Conservation/green belt

Directions

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

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for L5G0A9

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

Walkability in ON / L5G0A9

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 (Lakeview), ON L5G0A9

Frequently Asked Questions for 588 RAPIDS LANE

Source: Realty.com

588 RAPIDS LANE, Mississauga (Lakeview), ON L5G0A9 in Mississauga (Lakeview), ON L5G0A9 is a townhouse listed at $1,488,000. Highlights include 3 bedrooms, 5 bathrooms. Realty.ca has 28 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 28 photos of 588 RAPIDS LANE.

The full address for this home is 588 RAPIDS LANE, Mississauga (Lakeview), ON L5G0A9.

588 RAPIDS LANE has been listed on Realty.com since Wed February 25, 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: Royal Lepage Real Estate Associates
Listing agent: DANI HABBAL

This content last refreshed on 2026-07-27 15:16:10. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.