For Sale

897 Eighth Street, Mississauga, Ontario L5E 1R3

$2,049,000

897 Eighth Street, Mississauga, Ontario L5E 1R3 is For Sale and has a listing price of 2,049,000. The property is located in the Lakeview neighbourhood . It's been on the website for 2 Days.

  • Detached
    Property Type
  • 3
    Bedrooms
  • 2
    Bathrooms
  • Parking
  • MLS ID: W12834286
  • Office Name CITYSCAPE REAL ESTATE LTD.
Property Description

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.

Property Details
  • Bedrooms: 3
  • MLS ID: W12834286
  • Bathrooms: 2
  • Price: $2,049,000
  • Lot Depth: 146.29
  • Transaction Types: For Sale
  • Ref ID: W12834286
  • Year Built: N/A
  • Approx Sqft: 1100-1500
  • Dir / Cross St: Eighth St and Northmount Ave
  • Status: Active
  • Tax Year: 2025
  • Approx Age: 51-99
  • Property Type: Detached
  • Property Type: All Houses
  • Property Sub Category: Detached
Price History
List Date MLS ID List Price Status End Date Closed Price
03/02/2026 W12834286 $2,049,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Lakeview
  • $1,293,323 Average List Price
    based on 1 year
  • 70 New Listings
    based on 30 days
  • 35 Median Days on Market
    based on 1 year
  • List vs. Selling Price 3.13 % Up
  • Sold (12mo) 232
  • Rented (12mo) 153

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style Bungalow
  • Washroom Type1: 1
  • Garage Type Attached
  • Parking Spaces: 4
  • Exterior Brick
  • Kitchen Y
  • Parking Y
  • Washrooms Type 1 # Pcs: 4
  • Washrooms Type 2 # Pcs: 3
  • Washrooms Type 2: 1
  • Taxes: $6,951
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBD
  • Listing Entry Date: 02/03/2026 16:39:33
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