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$1,949,500Asking Price

897 Eighth Street, Mississauga, ON L5E 1R3

Lakeview, Mississauga

Detached
3
Bedrooms
2
Baths
5
Parking
Days on Market

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.

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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.

Key Info

  • Bungalow Detached
  • 4-Car Driveway
  • 1-Car Attached Garage
  • Eighth St and Northmount Ave
  • 1100-1500 Approximate Sq Feet
  • 51-99 Years Approximate Age
  • Basement Apartment
  • 1 Kitchen
  • Forced Air Gas Heating
  • No A/C

Property

  • Lot Size 70.1 x 146.29 Feet
  • Brick Exterior
  • Taxes were $6,951 in 2025
  • Possession: Immediate

Details

  • No Fireplace
  • No Family Room
  • Sewers
  • Municipal Water
  •  
  • MLS #W13593022
  • CITYSCAPE REAL ESTATE LTD.

Extras

Room Floor Dimensions Details
1 Kitchen Main 12.60' x 9.84'
Washroom1 4-Piece Bathroom on Main Floor
Washroom1 3-Piece Bathroom

Who lives here?

Lakeview, Mississauga is a west GTA neighbourhood notable for its singles, executives, education, law & public sector professionals and tradespeople. It has a higher than average population of Polish speakers. Residents tend to be older with a significant number of adults aged 35 to 44, 35 to 44, 35 to 44 and 35 to 44 and seniors aged 65 to 69.

Families

Kids Per Family

1.1

kids per family
in the neighbourhood.

Mississauga  (1.4)
Gta  ({{ '1.29999995231628' | number: 1 }})

Singles

45% of residents are
single and loving it.

45% singles

Mississauga (44%)
Gta ({{ '44.8800010681152' | number: 0 }}%)

Renters

26% of residents
are renters.

26% renters

Mississauga (29%)
Gta ({{ '33.0200004577637' | number: 0 }}%)

Education

33% of residents are
university grads.

33% university grads

Mississauga (45%)
Gta ({{ '43.6699981689453' | number: 0 }}%)

Income

Average Household Income

$119K

is the average household
income in the neighbourhood.

Mississauga  ($125K)
Gta  ({{ '135056.828125' | minifiedCurrency }})

Professions

Professions

Sales 15%
Business 11%
Trades 10%
Management 8%
Government 7%

Immigrants

36% of residents were
born outside of Canada.

36% immigrants

Mississauga (56%)
Gta ({{ '45.4300003051758' | number: 0 }}%)

Birthplace - All

Poland was once home to 4.5% of immigrants.
Portugal 3.3%
UK 2.1%
Italy 1.9%
Philippines 1.7%

4.5% from Poland
All-time

Birthplace - Recent

China was once home to 0.7% of immigrants.
Poland 0.6%
Philippines 0.5%
Pakistan 0.3%
Ukraine 0.2%

0.7% from China
Recent

Foreign Languages

Foreign Languages

Polish 5%
Portuguese 5%
Italian 3%
Ukrainian 2%
Spanish 2%

Religions

Religions

Christian 74%
Hindu 2%
Muslim 2%
Buddhist 1%
Jewish 1%