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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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 3.19% |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.19% |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 12 | 725 SF | Retail | $1,488,000 CAD ($2,052.41 CAD/SF) | $47,460 CAD |
Unit 12
| Unit Size |
| 725 SF |
| Condo Use |
| Retail |
| Price |
| $1,488,000 CAD ($2,052.41 CAD/SF) |
| NOI |
| $47,460 CAD |
Unit 12
| Unit Size | 725 SF |
| Condo Use | Retail |
| Price | $1,488,000 CAD ($2,052.41 CAD/SF) |
| NOI | $47,460 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.19% |
| 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.</li></ul> | |
| 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.</li></ul> |
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
Nearby Major Retailers
Presented by
Keller Williams Realty Associates – Larose Team
588 Rapids Ln
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