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New2 hours ago

560 Rapids Lane

Lakeview, Mississauga

$1,800,000

Freehold Townhouse|3-Storey
3 | 5 | 2
About this home

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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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeAtt/Row/Townhouse
Style3-Storey
Approx. Age6-15
Size2000-2500 sq. ft.
Property Tax$15,409
Lot Size30.81 ft x 67.81 ft
mls© NumberW13811248
Listed ByROYAL 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.

Down payment20% · $360,000
25-yr amortization

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 check

Investment Analysis

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