$2,049,000

Detached

897 Eighth Street, Mississauga, ON

1 DAY
3
2
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1100-1500
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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

Listing Presented By

iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage