$1,749,000
↓ $200,500 from $1,949,500
Est. payment $7,744/moCalculate yours
897 Eighth Street, Mississauga, ON L5E 1R3
Lakeview, Mississauga, ON L5E 1R3
- 3 Beds
- 2 Baths
- 1 Garage
- 1,100 Sq Ft
Listing courtesy of CITYSCAPE REAL ESTATE LTD. MLS® W13593022
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.
Property details
Overview
- Property Type
- Detached
- Style
- Bungalow
- For
- For Sale
- Status
- Price Change
- Approximate Age
- 51-99
- Size
- 1,100 sqft
Interior
- Bedrooms
- 3
- Bathrooms
- 2
- Kitchens
- 1
- Basement
- Apartment, Separate Entrance
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Brick
- Foundation
- Block
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 70.1 x 146.29 Feet
- Parking
- Attached garage · 5 total
Financial
- Property Taxes
- $6,951 (2025)
Location
- Neighbourhood
- Lakeview
- Cross Street
- Eighth St and Northmount Ave
- Direction Faces
- North
Listing
- MLS® Number
- W13593022
- Days on Market
- 88
- Listed On
- 2026-07-22
- Possession
- Immediate
- Listed By
- CITYSCAPE REAL ESTATE LTD.
Rooms
Features
Interior
- Carpet Free
- Primary Bedroom - Main Floor
- Storage Area Lockers
- Ventilation System
- Water Heater Owned
- Water Meter
Pool
- None
Mortgage calculator
Estimated mortgage payment
$7,744 per month
- Principal and interest
- $7,744
- Property tax
- $579
- Condo fees
- $0
- Estimated monthly cost
- $8,323
Your mortgage
- Mortgage amount
- $1,399,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $924,058
Cash to close
- Down payment
- $349,800
- Land transfer tax
- $31,455
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $381,255
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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