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897 Eighth Street, Mississauga, ON L5E1R3

$1,949,5003Beds 2Baths 1,100Sqft Lakeview

Property Overview

  • Detached Home Type
  • House Building Type
  • 10255 Sqft Lot Size
  • LakeviewCommunity
  • 3 Beds
  • 2 Full Baths
  • 0 Half Baths
  • 5 Parking Space(s)
  • 1975 Year Built
  • Property Taxes
  • 38 days Days on Market
  • W13593022 MLS® #
  • $1,772 Price / Sqft
  • Bungalow Style
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Description

Approved Severance | Prime Lakeview Development Opportunity Attention builders and strategic investors: this is a fully approved severanceopportunity in one of Mississauga's most desirable lakefront growth corridors. The property has been severed into two 35 x 146 ft lots, eachcapable of supporting approximately 3,500 sq. ft. above-grade luxury detached homes. Why This Investment Makes Sense: Lakeview continuesto experience strong luxury home absorption. Demand for new custom builds near the waterfront remains robust. Premium resale values fornewly built 3,000-4,000 sq. ft. homes in the area. Approved severance significantly reduces entitlement risk and holding uncertainty. Flexible exitstrategies: build & sell, build & hold, or joint venture .Projected builds can feature open-concept layouts, high ceilings, oversized windows, chefinspired 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. Withseverance completed, much of the planning timeline risk has already been mitigated - allowing investors to focus on design optimization, costcontrol, and margin maximization. This is a high-demand micro-location with proven redevelopment momentum.

Interior Details

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0
None
Part

Exterior Details

Brick
1
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Other
Brick / Stone / Block

More Information

Property

None
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Parking

Yes
5
No Garage

Utilities

Municipal / City

Data is supplied by the Toronto Regional Real Estate Board (TRREB) MLS® System. TRREB is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data was last updated Friday, August 28, 2026, 4:05:28 PM UTC.