$2,049,000
$2,049,000
Detached897 Eighth Street, Mississauga, ON
1 DAYon market
3Bedrooms
2Bathrooms
1Garage
1100-1500Sq Ft









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Listed by CITYSCAPE REAL ESTATE LTD.
Listed by CITYSCAPE REAL ESTATE LTD.
Property Highlights
Garage
1 space
Property Tax
$6,951/yr
Age
51-99 yrs
Lot Size
10,255 sqft
Style
Bungalow
Basement
Apartment, Separate Entr.
Monthly Cost
$9,232/mo
About This Home
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.
Monthly Cost
Monthly Mortgage$8,652
Property Tax ($6,951/yr)$579
Total$9,231
Price & Listing History
Schools
Location
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Rooms
Main Level
Kitchen: 3.84m × 3.00m
Primary Bedroom: 4.27m × 3.12m
Dining Room: 2.46m × 3.15m
Bedroom 2: 3.73m × 3.58m
Living Room: 4.57m × 4.93m
Bedroom 3: 2.95m × 3.71m
Main Level
Kitchen: 3.84m × 3.00m
Primary Bedroom: 4.27m × 3.12m
Dining Room: 2.46m × 3.15m
Bedroom 2: 3.73m × 3.58m
Living Room: 4.57m × 4.93m
Bedroom 3: 2.95m × 3.71m
