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Lakeview, Mississauga
$1,800,000
Welcome To 560 Rapids Lane! This Exceptional Corner Unit Live/Work Townhome Offers A Rare Combination Of Spacious Living, A Separate Commercial Unit And Beautiful Views Of Cooksville Creek And Natural Green Space. The Main Townhome Offers 2,032 Sq Ft Of Bright, Well-Designed Living Space With 3 Bedrooms, 5 Bathrooms, An Abundance Of Windows And A Balcony Off The Bedroom. Enjoy Two Rooftop Terraces, Offering Additional Outdoor Living Space And Views Of The Surroundings. The Corner Location Provides A Side Yard And A Large 30 x 67 Ft Lot. The Separate Commercial Unit, Approximately 775+ Sq Ft, Is Located On The Main Level At The Back Of The Property And Fronts Lakeshore Road. The Commercial Space Is Currently Tenanted, Providing An Excellent Opportunity For An Owner-Occupier Or Investor. Ideally Located In Lakeview, Just West Of Cawthra, With Easy Access To Shopping, Parks, Recreation And Transportation. Close To Excellent Schools Including Cawthra Park Secondary School And Mineola Public School. A Unique Opportunity To Live, Work And Invest In One Desirable Location.
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| Type | Att/Row/Townhouse |
| Style | 3-Storey |
| Approx. Age | 6-15 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $15,409 |
| Lot Size | 30.81 ft x 67.81 ft |
| mls© Number | W13811248 |
| Listed By | ROYAL LEPAGE REALTY PLUS |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $9,213
- Property tax
- $1,284
- Heat allowance
- $150
- Housing costs
- $10,647 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$328,000
gross annual household income
- Payment at 4%
- $7,575 / mo
- Cash down
- $360,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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