$2,049,000
FOR SALE

Detached Bungalow

Bedrooms: 3Bathrooms: 2Lot: 70.1 x 146.29 ft
2025 Taxes: $6,951

897 Eighth St
Mississauga, ON L5E 1R3 | Lakeview | Peel

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.
Extras
Carpet Free, Primary Bedroom - Main Floor, Storage Area Lockers, Ventilation System, Water Heater Owned, Water Meter
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Listed By CITYSCAPE REAL ESTATE LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number W12834286
Last Updated Mar 02, 2026
Property Summary
Property Type Detached

More like this:
Legal Description PT LTS 22 & 23, PL D23 , AS IN RO506788 ; MISSISSAUGA
Possession Date TBD
Taxes (2025) $6,951
Directions/Cross Streets Eighth St and Northmount Ave
Neighbourhood Lakeview
Area Peel
Price History

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Detailed Information
Fronting On North
Special Designations Unknown
Bedrooms 3
Bathrooms 2
Lot 70.1 x 146.29 ft
Exterior Brick
Air Conditioning None
Basement Apartment, Separate Entrance
Garage Type Attached
Garage/Park Spaces Y
Parking Spaces 4
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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