897 Eighth Street

FOR SALE
$2,049,000
897 Eighth Street, Mississauga
897 Eighth Street
897 Eighth Street
897 Eighth Street
897 Eighth Street
897 Eighth Street
897 Eighth Street
897 Eighth Street
897 Eighth Street
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
6
ROOMS
W12834286
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Property 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.
Sold History
List Date Sold Date Days Listed List Price Sold Price
2022-09-13 2022-09-30 17 $1,600,000 $1,550,000
Nearby Intersections
Property Features
Carpet Free, Primary Bedroom - Main Floor, Storage Area Lockers, Ventilation System, Water Heater Owned, Water Meter, Available
Property Details
Address
897 Eighth Street
Community
Postal Code
L5E 1R3
Property Type
Detached, Detached
Lot Size
70' x 146'
Taxes
$6,951 (2025
Basement
Apartment, Separate Entrance
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
Attached
Listing contracted with Cityscape Real Estate Ltd.
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