588 Rapids Ln - Storefront Retail/Residential CONDO FOR SALE


Mississauga, ON L5G 0A9- Port Credit
$1,488,000 CAD
905-278-8866

NO PHOTO

$1,488,000 CAD
Storefront Retail/Residential CONDO - FOR SALE
null | 3.19% Cap Rate

588 Rapids Ln
Mississauga, ON L5G 0A9
Port Credit


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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,488,000 CAD

PRICE/SF

$2,052 CAD /SF

CAP RATE

3.19%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

725 SF

STORIES

4

BUILDING CLASS

-

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,325 SF

ZONING

RM6-16

APN/PARCEL ID

210501000217563

ASK ABOUT THIS PROPERTY

Dani HabbalKeller Williams Realty Associates – Larose TeamMore Info
905-278-8866

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Dani HabbalKeller Williams Realty Associates – Larose TeamMore Info
905-278-8866

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.