897 Eighth Street, Mississauga, ON L5E 1R3

$1,949,500
: 3
BD
: 2
BA
: 1,100
SqFt

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List Price: $1,949,500
MLS#: W13593022
Status: ACTIVE
Type: Single Family Residential
SubType: Detached
Style: Bungalow
Bedrooms: 3
Bathrooms: 2
Living Area: 1100-1500
Province: ON
Municipality: Mississauga
Area: Peel
Neighborhood: Lakeview
Subdivision: Eighth St And Northmount Ave

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Property Description

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.

905-259-9418

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