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588 Rapids Ln 725 SF Retail Condo Unit Offered at $1,488,000 CAD in Mississauga, ON L5G 0A9
Investment Highlights
- Nearby Amenities – Top schools, shopping, parks, and everyday conveniences.
- Prime Location – High-traffic area across from McDonald’s, Shoppers Drug Mart, and Dollarama.
- Outdoor Living – Rooftop terrace with gas BBQ hookup and two additional balconies.
- Excellent Transit Access – Minutes to Port Credit GO Station and easy access to Toronto.
- Parking – Built-in garage + private driveway (2 spaces).
Executive Summary
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.
Property Facts
| Total Building Size | 725 SF | Year Built | 2018 |
| Property Type | Retail (Condo) | Tenancy | Single |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.03 AC |
| Floors | 4 | Parking Ratio | 1.38/1,000 SF |
| Typical Floor Size | 181 SF | ||
| Zoning | RM6-16 | ||
| Total Building Size | 725 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Floors | 4 |
| Typical Floor Size | 181 SF |
| Year Built | 2018 |
| Tenancy | Single |
| Lot Size | 0.03 AC |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | RM6-16 |
Amenities
- Signage
- Roof Terrace
- Air Conditioning
- Balcony
1 Unit Available
Unit 12
| Unit Size | 725 SF | Sale Type | Investment or Owner User |
| Price | $1,488,000 CAD | Cap Rate | 3.19% |
| Price Per SF | $2,052.41 CAD | NOI | $47,460 CAD |
| Condo Use | Retail |
| Unit Size | 725 SF |
| Price | $1,488,000 CAD |
| Price Per SF | $2,052.41 CAD |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.19% |
| NOI | $47,460 CAD |
Description
Experience 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 Notes
The 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.
Nearby Major Retailers
Presented by
Keller Williams Realty Associates – Larose Team
588 Rapids Ln
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