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897 EIGHTH STREET, Mississauga (Lakeview) — listed at $1,749,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Dining room | Main level | 2.46 x 3.15 meters |
| Bedroom 2 | Main level | 3.73 x 3.58 meters |
| Bedroom 3 | Main level | 2.95 x 3.71 meters |
| Living room | Main level | 4.57 x 4.93 meters |
| Kitchen | Main level | 3.84 x 3 meters |
| Primary Bedroom | Main level | 4.27 x 3.12 meters |
What's the parking situation?+
This property includes 5 spaces — Attached Garage, Garage.
Is 897 EIGHTH STREET a good fit for a growing family?+
With 3 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Could this work as an investment property?+
The basement description mentions: Apartment in basement, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Mississauga (Lakeview) before counting on it.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,951, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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