897 Eighth Street Mississauga, Ontario L5E 1R3
$2,049,000
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:63476)
Property Details
| MLS® Number | W12834286 |
| Property Type | Single Family |
| Community Name | Lakeview |
| Features | Carpet Free |
| Parking Space Total | 5 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Age | 51 To 99 Years |
| Appliances | Water Heater, Water Meter |
| Architectural Style | Bungalow |
| Basement Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a, N/a |
| Construction Style Attachment | Detached |
| Cooling Type | None, Ventilation System |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 146 Ft ,3 In |
| Size Frontage | 70 Ft ,1 In |
| Size Irregular | 70.1 X 146.3 Ft |
| Size Total Text | 70.1 X 146.3 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 4.57 m | 4.93 m | 4.57 m x 4.93 m |
| Main Level | Dining Room | 2.46 m | 3.15 m | 2.46 m x 3.15 m |
| Main Level | Kitchen | 3.84 m | 3 m | 3.84 m x 3 m |
| Main Level | Primary Bedroom | 4.27 m | 3.12 m | 4.27 m x 3.12 m |
| Main Level | Bedroom 2 | 3.73 m | 3.58 m | 3.73 m x 3.58 m |
| Main Level | Bedroom 3 | 2.95 m | 3.71 m | 2.95 m x 3.71 m |
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March 02 2026 05:39:44
Toronto Regional Real Estate Board
Cityscape Real Estate Ltd.