588 RAPIDS LANE, Mississauga (Lakeview), Ontario, L5G0A9

Property Description

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. (id:64974)

Quick Facts

• Property Type: Townhouse (Freehold)
• Bedrooms: 3 (3 above)
• Bathrooms: 5 (1 half)
• Ownership: Freehold
• Attached: Yes
• Parking: 2 spaces (Attached Garage, Garage)
• Frontage: 16 ft (4.9 m)

Costs

• Annual Taxes: $10,141.45

Listing Provided by: Royal Lepage Real Estate Associates
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.