3 Beds 2 Bath

897 Eighth Street, Mississauga, ON L5E 1R3

Mississauga L5E 1R3 Ontario

MLS: W12834286

$2,049,000

Added 56 minutes ago | For Sale

Listed by: CITYSCAPE REAL ESTATE LTD.

About Property

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.

Features

  • House Style:Detached
  • Bathrooms:2
  • Land Size: 70.1 X 146.29
  • Water:Municipal
  • Garage Spaces: /Attached
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Eighth St and Northmount Ave
  • Basement:Apartment,Separate Entrance , Apartment,Separate Entrance
  • Possession Date:TBD
  • Annual Property taxes: $6951
  • Bedrooms:3
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:W12834286

Level Type Features Dimensions
Main Living Room 15 ft x 16 ft, 2 in
Dining Room 8 ft, 1 in x 10 ft, 4 in
Kitchen 12 ft, 7 in x 9 ft, 10 in
Primary Bedroom 14 ft x 10 ft, 3 in
Bedroom 2 12 ft, 3 in x 11 ft, 9 in
Bedroom 3 9 ft, 8 in x 12 ft, 2 in

No property rooms available.

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