For Sale

588 Rapids Lane, Mississauga, Ontario L5G 0A9

$1,699,900

588 Rapids Lane, Mississauga, Ontario L5G 0A9 is For Sale and has a listing price of 1,699,900. The property is located in the Lakeview neighbourhood . It's been on the website for 56 Days.

  • MLS ID: W12045188
  • Office Name CENTURY 21 KENNECT REALTY
Property Description

Turnkey Mixed-Use Property with Proven Income & Prime Location! Live, invest, or operate your dream business in one of Mississauga most sought-after waterfront communities! This rare mixed-use gem features **2,400 sq ft of stylish residential living** paired with **730 sq ft of street-level commercial space**, commercial unit currently leased at **$3,800/month**. Located steps from Lakeshore Rd in the heart of **Lakeview-Port Credit** property offers unbeatable visibility and consistent cash flow, perfect for entrepreneurs, investors, or those seeking the ultimate live-work lifestyle. Surrounded by a busy plaza, trendy retail, 5min to lake, GO Station, and QEW.

Property Details
  • MLS ID: W12045188
  • Price: $1,699,900
  • Lot Depth: 60
  • Transaction Types: For Sale
  • Ref ID: W12045188
  • Year Built: N/A
  • Dir / Cross St: Lakeshore & Cawthra
  • Status: Active
  • Tax Year: 2024
  • Approx Age: 0-5
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
03/27/2025 W12045188 $1,799,900 For Sale - -
03/24/2025 W12039071 $1,799,900 For Sale - -
12/13/2024 W11891767 $1,900,000 Cancelled 02/20/2025 -
08/06/2024 W9241698 $1,890,000 Cancelled 12/09/2024 -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Lakeview
  • $1,449,718 Average List Price
    based on 1 year
  • 71 New Listings
    based on 30 days
  • 52 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.78 % Up
  • Sold (12mo) 186
  • Rented (12mo) 110

  • 1 Month Change +13.4%
  • 3 Month Change +4.9%
  • 6 Month Change -18.4%
Walkscore
Property Type Distribution
  • All Houses
    68.35%
  • Commercial
    6.7%
  • Condo
    24.63%
  • Land for Sale
    0.32%
Additional Details
  • Heat Type Gas Forced Air Open
  • Garage Type Other
  • Taxes: $10,141
  • Last Status Y
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: 60 DAYS/ TBA
  • Listing Entry Date: 27/03/2025 15:17:32
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