897 Eighth Street, Mississauga, ON L5E 1R3, Mississauga, ON, L5E 1R3
MLS: W12834286 | Detached
$2,049,000
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.
Quick Facts
- Property Type: Detached
- Style: Bungalow
- Bedrooms: 3 (3 above)
- Bathrooms: 2
- Parking: 5.0 spaces (Available)
Costs
- Annual Taxes: $6,951.00 (2025)
Listing Provided by: CITYSCAPE REAL ESTATE LTD.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: None
- Basement: Apartment, Separate Entrance
Exterior & Construction
- Style: Bungalow
- Roof: Shingles
- Construction: Brick
- Foundation: Block
- Sewer: Sewer
Lot & Land
- Pool: None
Community & Neighbourhood
- Neighbourhood: Lakeview
Listing Information
Listing History
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897 Eighth Street, Mississauga, ON L5E 1R3, Mississauga, ON, L5E 1R3