Gurvinder Nokwal REALTOR®
For Sale Detached 88 days on market

$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
Map

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

Room Level Dimensions
Dining Room Main 8′ 1″ × 10′ 4″
Bedroom 2 Main 12′ 3″ × 11′ 9″
Bedroom 3 Main 9′ 8″ × 12′ 2″
Living Room Main 15′ 0″ × 16′ 2″
Kitchen Main 12′ 7″ × 9′ 10″
Primary Bedroom Main 14′ 0″ × 10′ 3″

Features

Interior

  • Carpet Free
  • Primary Bedroom - Main Floor
  • Storage Area Lockers
  • Ventilation System
  • Water Heater Owned
  • Water Meter

Pool

  • None

Mortgage calculator

Minimum for this price: $349,800 (20%)

Amortization, years

Estimated mortgage payment

$7,744 per month

Principal and interest
$7,744
Property tax
$579
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
Total, before legal fees
$381,255
Talk to me about financing

Estimates 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

897 Eighth Street, Mississauga, ON L5E 1R3 Lakeview, Mississauga, ON L5E 1R3
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$1,749,000 897 Eighth Street, Mississauga, ON L5E 1R3
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