897 EIGHTH STREET, Mississauga (Lakeview), Ontario, L5E1R3

Property Description

Approved Severance | Prime Lakeview Development Opportunity Attention builders and strategic investors: this is a fully approved severance opportunity in one of Mississauga's most desirable lakefront growth corridors. The property has been severed into two 35 x 146 ft lots, each capable of supporting approximately 3,500 sq. ft. above-grade luxury detached homes. Why This Investment Makes Sense: Lakeview continues to experience strong luxury home absorption. Demand for new custom builds near the waterfront remains robust. Premium resale values for newly built 3,000-4,000 sq. ft. homes in the area. Approved severance significantly reduces entitlement risk and holding uncertainty. Flexible exit strategies: build & sell, build & hold, or joint venture .Projected builds can feature open-concept layouts, high ceilings, oversized windows, chef-inspired kitchens, luxury primary suites, and upscale finishes tailored to today's end-user expectations. Strategically located minutes from: Waterfront parks & marina; Port Credit amenities; QEW access (15-20 mins to downtown Toronto);Established schools & golf courses. With severance completed, much of the planning timeline risk has already been mitigated - allowing investors to focus on design optimization, cost control, and margin maximization. This is a high-demand micro-location with proven redevelopment momentum. (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Style: Bungalow
• Bedrooms: 3 (3 above)
• Bathrooms: 2
• Ownership: Freehold
• Attached: No
• Parking: 5 spaces (Attached Garage, Garage)
• Frontage: 70 ft (21.4 m)

Costs

• Annual Taxes: $6,951.00

Listing Provided by: CITYSCAPE REAL ESTATE LTD.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.