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$2,049,000
Ontario,Mississauga (Lakeview)
For Sale Active
897 EIGHTH STREET, Mississauga (Lakeview), Ontario L5E1R3
  • 3
  • 2
  • 1100 - 1500Square Feet
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Basic Details
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:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: W12834286
  • Price: $2,049,000
  • Bedrooms: 3
  • Bathrooms: 2
  • Square Footage: 1100 - 1500 Sqft
  • Status: Active
  • Office Name: CITYSCAPE REAL ESTATE LTD.
  • Property Sub Type: Single Family
  • Office Key: 238732
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: None, Ventilation system
  • Basement: Separate entrance, N/A, Apartment in basement
  • Parking: Garage, Attached Garage
  • Architectural Style: Bungalow
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Mississauga (Lakeview), L5E1R3
  • Street: Eighth
  • Street Number: 897
  • Street Suffix: Street
  • Longitude: W80° 25' 41''
  • Latitude: N43° 34' 55''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 70.1 x 146.3 FT
  • Stories: 1.0
Financial
  • Tax Annual Amount: 6951
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Listing updated: 2026-03-05 02:32:38
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Listing Information
  • List Agent Key: 2022209
  • List Office Key: 238732
  • Modification Timestamp: 2026-03-02T17:46:02Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-03-02T17:39:44Z
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Listing updated: 2026-03-05 02:32:38
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