897 Eighth Street

About this home

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.

Details

Property type

Detached

Style

Bungalow

Approximate age

51-99

Size (sq ft)

1100-1500

Bedrooms

3

Bathrooms

2

Kitchens

1

Basement

Apartment, Separate Entrance

Heating

Forced Air

Air conditioning

None

Garage

Attached

Parking spaces

5

Lot frontage

70.1

Lot depth

146.29

Lot units

Feet

Faces

North

Cross streets

Eighth St and Northmount Ave

Property taxes

$6,951

Tax year

2025

Possession

Immediate

MLS® number

W13593022

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Listing courtesy of CITYSCAPE REAL ESTATE LTD..