588 Rapids Lane
Lakeview, Mississauga, L5G 0A9
FOR SALE
$1,999,000
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BEDROOMS5
BATHROOMS1
KITCHENS7
ROOMSW9241698
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Property Description
Rare Work&Live Townhouse 3165 sq ft features a very spacious 3 bed 5 bath townhouse with two large* rooftops with gorgeous views! and two balconies. Includes a commercial unit zoned retail/office. Perfect for investors looking for an income producing property or for a business savvy homeowner who will have extra income every month from rent of commercial unit. Currently leased until mid 2025.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-04-08 | 2024-07-29 | 112 | $1,999,999 | - | Terminated |
| 2024-01-04 | 2024-03-08 | 64 | $2,888,888 | - | Terminated |
| 2023-09-22 | 2023-12-30 | 99 | $2,300,000 | - | Expired |
| 2023-08-14 | 2023-12-20 | 128 | $2,133,000 | - | Terminated |
| 2023-08-14 | 2023-09-13 | 30 | $2,133,000 | - | Suspended |
| 2023-03-20 | 2023-05-01 | 42 | $2,150,000 | - | Terminated |
| 2022-01-11 | 2022-05-31 | 140 | $2,599,999 | - | Expired |
| 2021-09-21 | 2021-12-31 | 101 | $2,599,999 | - | Expired |
| 2021-03-09 | 2021-06-10 | 93 | $2,298,000 | - | Terminated |
| 2019-06-18 | 2019-06-24 | 7 | $1,159,900 | $1,159,900 | Sold |
Extras
ss stove, new* ss fridge, ss dishwasher, ss microwave, ss mini fridge in unit & electrical car charger*
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Att/Row/Townhouse, Backsplit 4
Approximate Sq.Ft.
2500-3000
Lot Size
15' x 60'
Fronting
West
Taxes
$9,540 (2024)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 14.21' x 14.99' | Breakfast Bar, Stainless Steel Appl |
| Dining | Main | 15.39' x 20.18' | 3 Pc Ensuite, West View |
| Prim Bdrm | 2nd | 12.50' x 15.39' | 3 Pc Ensuite |
| 2nd Br | 2nd | 10.01' x 12.89' | 4 Pc Ensuite |
| 3rd Br | Ground | 9.91' x 14.21' | 3 Pc Ensuite |
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Mississauga Market Statistics
Mississauga Price Trend
588 Rapids Lane is a 3-bedroom 5-bathroom townhome listed for sale at $1,999,000, which is $1,170,850 (141.4%) higher than the average sold price of $828,150 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 3 bedroom townhome in Mississauga declined by $29,043 (3.4%) compared to the previous 30 day period (July 20 - August 18) and down $31,541 (3.7%) from the same time one year ago.Inventory Change
There were 193 3-bedroom townhomes listed in Mississauga over the last 30 days (August 19 - September 17), which is down 4.0% compared with the previous 30 day period (July 20 - August 18) and up 10.3% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom townhomes in Mississauga typically sold ($16,174) (2.0%) below asking price over the last 30 days (August 19 - September 17), which represents a $11,427 decrease compared to the previous 30 day period (July 20 - August 18) and $1,633 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom townhomes in Mississauga over the last 30 days (August 19 - September 17) stood at 41.5%, up from 40.3% over the previous 30 days (July 20 - August 18) and down from 41.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 5-bathroom townhome in Mississauga stood at 33 days when successfully sold over the last 30 days (August 19 - September 17), compared to 48 days before being removed from the market upon being suspended or terminated.Listing contracted with Right At Home Realty
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Welcome to the Ravines on Main. One of the largest units in the entire complex. This brand new never lived in Townhome has all the features you are looking for. Walk into the main floor open concept living area which is bright and includes a large family room which is perfect for relaxing or utilizing as a home office overlooking the ravine in the backyard. The home includes a beautiful wood staircase that leads you to the 2nd and 3rd floor. Enter the Main floor to a stunning modern kitchen with S/S appliances, center island, and a coffee bar, a ton of natural light, large dining room and living room with hardwood floors, lots of windows, gas fireplace, 2nd 2pc washroom and so much more. 3rd floor includes 3 great size bedrooms, 2 full washrooms, enjoy the balcony on the primary bedroom, 3pc ensuite and walk-in closet. Be the first to enjoy their wonderful home.
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