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Tuesday, July 14th, 2026

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$1,488,000
Available - For Sale
Listing ID: W12818622
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.
Price $1,488,000
Taxes: $10,141.45
Tax Type: Annual
Occupancy by: Owner+T
Address: 588 Rapids Lane , Mississauga, L5G 0A9, Peel
Postal Code: L5G 0A9
Province/State: Peel
Legal Description: Pt Blk 21 Pl 43M2003 Pts 130,230,311 & 2
Directions/Cross Streets: Lakeshore Rd. & Cawthra Rd.
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
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Washroom 12:  0
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Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  0
Washroom 27:  0
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Washroom 31:  0
Washroom 32:  0
Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Washroom 36:  0
Washroom 37:  0
Washroom 38:  0
Washroom 39:  0
Washroom 40:  0
Washroom 41:  0
Washroom 42:  0
Washroom 43:  0
Washroom 44:  0
Washroom 45:  0
Category: Retail
Use: Other
Building Percentage: T
Total Area: 3,164
Total Area Code:  Square Feet
Office/Appartment Area: 2439
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Approximatly Age: 0-5
Franchise: F
Maintenance: 0
Sprinklers: No
Rail: N
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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Interest Rate: %  
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Royal Lepage Real Estate Associates

588 Rapids Lane , Mississauga, L5G 0A9, Peel

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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At a Glance:
Type: Com - Commercial Retail
Area: Peel
Municipality: Mississauga
Neighbourhood: Lakeview
Style:
Lot Size: x 60.00(Feet)
Approximate Age: 0-5
Tax: $10,141.45
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com