588 Rapids Lane
Lakeview, Mississauga, L5G 0A9
FOR SALE
$1,890,000
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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 $1,890,000, which is $1,066,534 (129.5%) higher than the average sold price of $823,466 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 3 bedroom townhome in Mississauga declined by $30,558 (3.6%) compared to the previous 30 day period (September 22 - October 21) and down $29,099 (3.4%) from the same time one year ago.Inventory Change
There were 165 3-bedroom townhomes listed in Mississauga over the last 30 days (October 22 - November 20), which is up 1.2% compared with the previous 30 day period (September 22 - October 21) and up 32.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom townhomes in Mississauga typically sold ($6,545) (0.8%) below asking price over the last 30 days (October 22 - November 20), which represents a $7,104 decrease compared to the previous 30 day period (September 22 - October 21) and ($24,449) more 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 (October 22 - November 20) stood at 56.4%, down from 59.5% over the previous 30 days (September 22 - October 21) and up from 55.2% 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 29 days when successfully sold over the last 30 days (October 22 - November 20), compared to 47 days before being removed from the market upon being suspended or terminated.Listing contracted with Right At Home Realty
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