Listed by Royal Lepage Real Estate Associates.

588 Rapids Lane is a Att/Row/Twnhouse, 3-Storey and is currently for Sale @ $1,549,900. Taxes in 2025 were $10,141.45.

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Short on a down payment? (read below) Great live work, Potential to designate second commercial rental space just up the staircase. The 3-Storey on 588 Rapids Lane has 3 bedrooms, 5 bathrooms, and is located on a 50 x 16 ft lot in the community of Lakeview . 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.

The address 588 Rapids Lane was listed for sale (MLS# W12818618) on Wednesday, February 25, 2026.