588 Rapids Ln
Mississauga, ON L5G 0A9
Port Credit
$1,074,376 USD
Storefront Retail Residential Condo For Sale • 725 SF
Property Details
- Property Type Storefront Retail Residential
- Total Building Size 725 SF
- Lot Size 0.03 AC
- Year Built 2018
- Tenancy Single
- Zoning RM6-16
50
Transit Score
60
Walk Score
1 Unit Available
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit 12 | Retail | 725 SF | $1,074,376 USD | |
DescriptionExperience the perfect blend of luxury living and income potential at588 Rapids Lane in Mississauga. This stunning mixed-use townhome offers a 2,439 sq. ft. residential space paired with a 725 sq. ft. commercial unit on the main level. The retail space is currently tenanted, generating $47,460 annually ($3,500/month + hydro), providing a steady passive income stream. The residence features an open-concept living and dining area with a walk-out balcony, an upgraded kitchen with a center island and stainless steel appliances, and three spacious bedrooms, including a primary retreat with ensuite and private balcony. Additional highlights include a rooftop terrace with gas BBQ hookup, built-in garage, private driveway, and two parking spaces. Located in a high-traffic area across from major retailers and minutes from Port Credit GO Station, this property offers convenience, style, and investment value. Sale NotesThe property at 588 Rapids Lane, Mississauga, ON consists of a mixed-use luxury townhome featuring a 725 sq. ft. commercial unit and a 2,439 sq. ft. residential unit. The commercial space is leased, producing $47,460 annually, while the owner-occupied residence offers three bedrooms, four bathrooms, and premium finishes. The property includes a rooftop terrace, two balconies, and two parking spaces. Strategically located in a high-visibility corridor near major retailers and transit, this asset provides both stable income and upscale living. Monthly private fee: $152. |
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Description
588 Rapids Lane is a three-story mixed-use townhome offering 3 bedrooms, 4 bathrooms, and a rooftop terrace. The main floor features a commercial retail unit (725 sq. ft.) currently leased, while the upper levels comprise a luxurious 2,439 sq. ft. residence with modern finishes, upgraded kitchen, and multiple balconies. The property includes a built-in garage, private driveway, and two parking spaces. Located in a prime Mississauga location across from McDonald’s, Shoppers Drug Mart, and Dollarama, with easy access to Port Credit GO Station, top schools, and major highways.
Highlights
| Nearby Amenities – Top schools, shopping, parks, and everyday conveniences. |
| Excellent Transit Access – Minutes to Port Credit GO Station and easy access to Toronto. |
| Prime Location – High-traffic area across from McDonald’s, Shoppers Drug Mart, and Dollarama. |
| Parking – Built-in garage + private driveway (2 spaces). |
| Outdoor Living – Rooftop terrace with gas BBQ hookup and two additional balconies. |
Amenities
- Signage
- Roof Terrace
- Air Conditioning
- Balcony
Public Transportation
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Port Credit Go Station Rail (Lakeshore West Train - GO Transit, Niagara Falls Train - GO Transit) | 4 min | - | 1.5 mi |
| Long Branch Go Station Rail (Lakeshore West Train - GO Transit) | 6 min | - | 2.2 mi |
| Airport | Drive | Walk | Distance |
| Toronto Pearson International | 26 min | - | 11.0 mi |
| Billy Bishop Toronto City | 23 min | - | 12.8 mi |
| John C. Munro Hamilton International | 59 min | - | 40.9 mi |
Parking Details
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 1 |
| Type: | Surface |
| Included in Rent: | Yes |