$1,549,900Asking Price
588 Rapids Lane, Mississauga, ON L5G 0A9
Lakeview, Mississauga
Great live work, Potential to designate second commercial rental space just up the staircase. Exceptional opportunity to own a spacious 2,439 sq. ft. townhome plus a 725 sq. ft. commercial unit (3,164 sq/ft total). The retail space is currently tenanted, providing immediate rental income.The bright, open-concept home features a modern upgraded kitchen with centre island and stainless steel appliances, a walk-out balcony from the living room, pot lights, quality flooring, and a sleek glass-accent staircase. All three bedrooms offer private ensuites, including a primary suite with balcony walk-out. Enjoy a rooftop terrace with gas BBQ hookup.Includes garage + driveway parking (2 spaces) and limited onsite visitor parking.Prime location just west of Cawthra near Lakeshore Rd. E., steps to plaza amenities (McDonald's, Shoppers, Dollarama) and close to GO Transit, schools, parks, and more. A perfect blend of lifestyle and investment potential.
Great live work, Potential to designate second commercial rental space just up the staircase. Exceptional opportunity to own a spacious 2,439 sq. ft. townhome plus a 725 sq. ft. commercial unit (3,164 sq/ft total). The retail space is currently tenanted, providing immediate rental income.The bright, open-concept home features a modern upgraded kitchen with centre island and stainless steel appliances, a walk-out balcony from the living room, pot lights, quality flooring, and a sleek glass-accent staircase. All three bedrooms offer private ensuites, including a primary suite with balcony walk-out. Enjoy a rooftop terrace with gas BBQ hookup.Includes garage + driveway parking (2 spaces) and limited onsite visitor parking.Prime location just west of Cawthra near Lakeshore Rd. E., steps to plaza amenities (McDonald's, Shoppers, Dollarama) and close to GO Transit, schools, parks, and more. A perfect blend of lifestyle and investment potential.
See MoreKey Info
- 3-Storey Rowhouse
- 1-Car Driveway
- 1-Car Attached Garage
- Cawthra/Lakeshore Rd
- 3000-3500 Approximate Sq Feet
- 6-15 Years Approximate Age
- No Basement
- 1 Kitchen
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 16 x 50 Feet
- Brick Exterior
- Taxes were $10,141 in 2025
- Possession: Flexible
Details
- No Fireplace
- No Family Room
- Central Vacuum
- Sewers
- Municipal Water
- MLS #W12818618
- Royal Lepage Real Estate Associates
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 14.99' x 14.21' | Eat-in Kitchen, Stainless Steel Appliances, Granite Counters |
 | 1 2-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom on Ground Floor | |||
| 1 4-Piece Bathroom on Upper | |||
| 1 3-Piece Bathroom on Upper | |||
| 1 3-Piece Bathroom on Ground Floor | |||
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Who lives here?
Lakeview, Mississauga is a west GTA neighbourhood notable for its singles, executives, education, law & public sector professionals and tradespeople. It has a higher than average population of Polish speakers. Residents tend to be older with a significant number of adults aged 35 to 44, 35 to 44, 35 to 44 and 35 to 44 and seniors aged 65 to 69.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
45%
of residents are
single and loving it.
45% singles
Mississauga (44%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
26%
of residents
are renters.
26% renters
Mississauga (29%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
33%
of residents are
university grads.
33% university grads
Mississauga (45%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$119K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 15% |
| Business | 11% |
| Trades | 10% |
| Management | 8% |
| Government | 7% |
Immigrants
36%
of residents were
born outside of Canada.
36% immigrants
Mississauga (56%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
4.5% from Poland
All-time
Birthplace - Recent
0.7% from China
Recent
Foreign Languages
Foreign Languages
| Polish | 5% |
| Portuguese | 5% |
| Italian | 3% |
| Ukrainian | 2% |
| Spanish | 2% |
Religions
Religions
| Christian | 74% |
| Hindu | 2% |
| Muslim | 2% |
| Buddhist | 1% |
| Jewish | 1% |
