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:55460)

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

https://www.realtor.ca/real-estate/29414886/897-eighth-street-mississauga-lakeview-lakeview