897 Eighth Street

Mississauga, ONDetached
$1,749,000
MLS® W13593022
Detached3 beds2 baths5 total
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About This Property

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. (id:63604)

Key Facts

Type
Detached
Beds
3
Baths
2
Size
1,100 sqft
Lot
70.1 x 146.3 FT
Parking
5 total

Highlights

  • Water meter
  • Water Heater
Property Details 18 details
Bedrooms
3 bedrooms
3 above grade
Bathrooms
2 bathrooms
Parking
5 parking spaces
Attached Garage · Garage
Living area
1,100 - 1,500 sq. ft.
Property
Single Family · Bungalow · Freehold · Detached
Property subtype
Single Family
Structure type
House
Architectural style
Bungalow
Ownership
Freehold
Attached status
Detached
Storeys
1
Basement
Apartment in basement, Separate entrance
Heating
Forced air, Natural gas
Cooling
Ventilation system
Fireplace
No
Lot dimensions
70.1 x 146.3 FT
Frontage
70.10 feet
Taxes
$6,951.00
Water source
Municipal water
Sewer
Sanitary sewer

Interior features

Water meterWater Heater

Exterior features

BrickBlock

Lot and water

Carpet Free
Rooms 6 rooms
Level
Room
Dimensions
Main level
Dining room
2.46 m x 3.15 m
Main level
Bedroom 2
3.73 m x 3.58 m
Main level
Bedroom 3
2.95 m x 3.71 m
Main level
Living room
4.57 m x 4.93 m
Main level
Kitchen
3.84 m x 3 m
Main level
Primary Bedroom
4.27 m x 3.12 m
Mortgage & Affordability Estimate monthly costs
Purchase price$1,749,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Lakeview
City
Mississauga
Postal code
L5E 1R3
Nearby
Eighth St and Northmount Ave