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.
Address
897 Eighth Street
List Price
$2,049,000
MLS® Status
New
Expiration Date
2026-06-02
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Mississauga
Sub-Area
Lakeview
Region
Peel
Bedrooms
3
Bedrooms (Total)
3
Rooms Above Grade
6
Bathrooms
2
Floor Area
1100-1500 Sq. Ft.
Lot Depth
146.29
Lot Size Units
Feet
Lot Width
70.1
Occupant Type
Tenant
Cross Street
Eighth St and Northmount Ave
Approx. Age
51 - 99 Years
MLS® Number
W12834286
Listing Brokerage
CITYSCAPE REAL ESTATE LTD.
Basement Area
Apartment, Separate Entrance
Postal Code
L5E 1R3
Posession Details
TBD
Parking
Available
Parking Places (Total)
5
Parking Spaces
4
Tax Amount
$6,951.00
Tax Year
2025
Interior Features
Carpet Free, Primary Bedroom - Main Floor, Storage Area Lockers, Ventilation System, Water Heater Owned, Water Meter
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick
Direction Faces
North
Fireplace
No
Foundation Details
Block
Garage
Yes
Garage Type
Attached
Covered Spaces
1
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Shingles
Tax Legal Description
PT LTS 22 & 23, PL D23 , AS IN RO506788 ; MISSISSAUGA
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 4.57 x 4.93 | |
| Main | Dining Room | 2.46 x 3.15 | |
| Main | Kitchen | 3.84 x 3 | |
| Main | Primary Bedroom | 4.27 x 3.12 | |
| Main | Bedroom 2 | 3.73 x 3.58 | |
| Main | Bedroom 3 | 2.95 x 3.71 |