- Bedrooms
- 3
- Bathrooms
- 5
- Size
- 2,000–2,500sq ft
- Per sq ft
- $800at the range’s middle
- Lot
- 30.81 x 67.81 ft
- Tax a year
- $15,4092026 tax year
- Built
- 6-15
- Parking
- 21 attached
- Days on market
- Members
The brief
About 560 Rapids Lane
560 Rapids Lane is a 3-bedroom, 5-bathroom freehold townhouse in Lakeview, Mississauga, listed for sale at an asking price of $1,800,000 (MLS® W13811248).
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.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$5,996/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 5 homes with 3 bedrooms for lease in Lakeview right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $15,409 / 2026
- MLS® number
- W13811248
- Board
- TRREB MLS®
- Property Type
- Att/Row/Twnhouse
- Building Age
- 6-15
- Days on market
- Size
- 2000-2500 sqft
- Lot Size
- 30.81 x 67.81 ft
- Listed on
- Parking
- 1 Attached, 2 Parking
Property details
Property
- Property Type
- Att/Row/Twnhouse
- Style
- 3-Storey
- Community
- Lakeview
- Municipality
- Mississauga
Building
- Size
- 2000-2500 sqft
- Building Age
- 6-15
- Construction
- Stone
Inside
- Bedrooms
- 3
- Bathrooms
- 5
- Bathroom Details
- 1 × 2pc 2nd, 1 × 3pc Ground, 1 × 4pc Upper, 1 × 3pc Upper, 1 × 2pc Ground
- Basement Type
- None
- Kitchens
- 1
Parking
- Driveway
- Private
- Garage Type
- Attached
- Garage
- 1
- Additional Parking
- 1
- Total Parking
- 2
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 30.81 ft
- Depth
- 67.81 ft
- Lot Size
- 30.81 x 67.81 ft
Additional
- Foundation
- Poured Concrete
- Roof
- Other
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- All Elfs, Blinds, Stainless steel Fridge, Stove, B/I Dishwasher, B/I Microwave, Washer & Dryer,Tankless Water Heater, Central Vac.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| 3rd Br | 3.49 × 4.48 m | Double Closet, 3 Pc Ensuite | Ground |
| Kitchen | 2.9 × 4.48 m | Centre Island | 2nd |
| Dining | 2.09 × 4.22 m | O/Looks Park | 2nd |
| Living | 4.99 × 6.09 m | W/O To Balcony | 2nd |
| 2nd Br | 3.3 × 4.48 m | W/I Closet, 3 Pc Ensuite | 3rd |
| Primary | 4.99 × 5.42 m | W/O To Balcony, 4 Pc Ensuite | 3rd |
Listing history
Buy/sell history for 560 Rapids Lane, Mississauga, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,800,000 | N/A | For Sale | W13811248 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $360,000
- Total mortgage amount
- $1,440,000
- Total interest payment
- $1,023,600
- Total purchase cost
- $2,823,600
- Mortgage payment
- $8,212/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
78%Monthly carrying cost
$9,496- Rent $3,500
- Shortfall $5,996
Rental income opens at $3,500, the median asking rent of 5 comparable homes for lease in Lakeview. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $32,475
- Total land transfer tax
- $32,475
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $28,475
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,800,000
- $28,000
- Ontario total
- $32,475
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Street frontage
- 30.81 ft9.4 m
- Depth
- 67.81 ft20.7 m
The record marks this lot irregular, so its area is not the frontage multiplied by the depth. It is not given here. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Inside Credit Valley Conservation’s mapped regulated areaWork on the property, such as an addition or grading, may need a permit from Credit Valley Conservation. It does not mean the house floods.At the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m34 test or monitoring holes also recorded.250 m
Credit Valley Conservation · Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home2
- Nearest rail line: 340 m340 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 3 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is Ontario Clean Water Agency — Arthur P. Kennedy Water Treatment Plant, 800 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- 1 federal contaminated site within 1 kmAll of them are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Alectra Utilities CorporationAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, CIK Telecom. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Credit Valley Conservationor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information made available under Credit Valley Conservation Open Data Licence v1.0.
The market
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Port Credit GO | GO Transit train: Lakeshore West | 1.9 km |
| Long Branch GO | GO Transit train: Lakeshore West | 3.2 km |
| Dixie GO | GO Transit train: Milton | 4.6 km |
| Cooksville GO | GO Transit train: Milton | 4.7 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St. James Catholic Global Learning CentrDufferin-Peel CDSB | Catholic · grades JK–8 | 550 m | 89%Grade 6 average |
| Janet I. McDougald Public SchoolPeel DSB | Public · grades JK–5 | 950 m | 58%Grade 3 average |
| St Dominic Separate SchoolDufferin-Peel CDSB | Catholic · grades JK–8 | 1.1 km | 89%Grade 6 average |
| École élémentaire Micheline-Saint-CyrConseil scolaire Viamonde | French-language public · grades JK–6 | 3.2 km | 76%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Cawthra Park Secondary SchoolPeel DSB | Public · grades 9–12 | 1 km | 65%Grade 9 math |
| St Paul Secondary SchoolDufferin-Peel CDSB | Catholic · grades 9–12 | 1.1 km | 72%Grade 9 math |
| Port Credit Secondary SchoolPeel DSB | Public · grades 9–12 | 1.6 km | 70%Grade 9 math |
| T. L. Kennedy Secondary SchoolPeel DSB | Public · grades 9–12 | 4.4 km | 10%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Recently sold nearby
Sold prices in Lakeview are shown to signed-in members.